First Abu Dhabi Bank PJSC is selling $500 million in Islamic bonds, or sukuk, Reuters reported.
The notes are being marketed at a profit rate equivalent to 90 basis points over mid-swaps, according to a document from one of the banks on the deal.
First Abu Dhabi Bank selling $500M in Islamic bonds
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First Abu Dhabi Bank PJSC is selling $500 million in Islamic bonds, or sukuk, Reuters reported.
The notes are being marketed at a profit rate equivalent to 90 basis points over mid-swaps, according to a document from one of the banks on the deal.