The debt sale was expected to be set at $750 million.
Wednesday 16, January 2019 BY KUDAKWASHE MUZORIWA
First Abu Dhabi Bank (FAB) has raised $850 million in Islamic bonds, reported Reuters.
The five-year Sukuk offer buyers 130 basis points over mid-swaps, 20 basis points below the indicative price FAB proposed when it started marketing the notes.
FAB mandated Dubai Islamic Bank, Emirates NBD Capital as well as First Abu Dhabi Bank, KFH Capital and NCB Capital Company to arrange the issuance.
Additionally, Sharjah Islamic Bank and Standard Chartered Bank were also selected to arrange the issuance.