Abu Dhabi government-owned Al Hilal Bank has confirmed the appointment of three banks to manage its debut $500 million Islamic bond issue, which will be issued later this year, its chief executive said on Monday.
"We have started the preparatory work for issuing our first sukuk for which we are still at an early stage. We hope that this year we can tap the market," CEO Mohamed Berro said in an interview on the sidelines of an Islamic finance and banking conference in the capital of Oman.
Asked about which banks have been appointed for the issue, he said: "It is the National Bank of Abu Dhabi, HSBC and Standard Chartered Bank."
No comments:
Post a Comment