First Abu Dhabi sells $ 500 million sukuk – Emirates Breaking News

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First Abu Dhabi Bank sold a $ 500 million sukuk yesterday. According to a document issued by one of the banks leading the process and seen by Reuters, the 5-year notes offer investors a profit rate equivalent to 90 basis points above the average fixed and variable interest swap rates. It was marketed earlier in the day with an initial indicative price of between 100 and 105 …

First Abu Dhabi Bank sold a $ 500 million sukuk yesterday.

According to a document issued by one of the banks leading the process and seen by Reuters, the 5-year notes offer investors a profit rate equivalent to 90 basis points above the average fixed and variable interest swap rates. It was marketed earlier in the day at an initial indicative rate of between 100 and 105 basis points above average fixed and variable interest swap rates.

During the past year, the region witnessed an unprecedented issuance of international bonds for the second year in a row, exceeding $ 100 billion, and is likely to reach a new peak this year, according to bankers and analysts.

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