Abu Dhabi Islamic Bank (ADIB.AD) is planning to issue an Islamic bond, or sukuk, in the coming weeks, and has mandated three banks to arrange the sale, with a roadshow planned as early as next week, two market sources said.
ADIB, the second largest Islamic lender in the United Arab Emirates, has mandated Barclay's Capital (BARC.L), HSBC (HSBA.L) and Standard Chartered (STAN.L), for the sukuk, the sources said, declining to be identified.
The bank is eyeing a U.S.-dollar denominated Reg S only Islamic bond, a report by IFR, a Thomson Reuters unit, said on Monday."
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