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| 12 September, 2018

Abu Dhabi's Al Hilal Bank set to issue $500mln sukuk

The sukuk, or Islamic bonds, offer investors 148 basis points over mid-swaps.

A branch of UAE based bank Al Hilal is seen in Jumeirah, May 16, 2013.

A branch of UAE based bank Al Hilal is seen in Jumeirah, May 16, 2013.

REUTERS/Jumana El Heloueh

DUBAI- Abu Dhabi's Al Hilal Bank is set to complete later on Wednesday a $500 million sukuk sale, a document issued by one of the banks leading the deal showed.

The sukuk, or Islamic bonds, offer investors 148 basis points over mid-swaps.

The bank received over $1.1 billion in orders for the issue, according to the document.

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(Reporting by Davide Barbuscia, editing by Louise Heavens) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))