Abu Dhabi's First Gulf Bank on Wednesday raised $500 million through a five-year Islamic bond sale, carrying a coupon of 4.046 percent, two sources close to the deal said.
FGB, the second largest lender in the United Arab Emirates by market value, prices its Islamic bond or sukuk in line with its final guidance of 287.5 basis points over midswaps indicated on Tuesday.
"The deal was fairly well received," one source told Reuters.
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