Al Hilal Bank plans $500m sukuk - The National:
"Al Hilal Bank, the Islamic lender owned by the Abu Dhabi Investment Council, plans to launch a US$500 million sukuk by the end of the year.
The Islamic bond is expected to be used for general business purposes such as liquidity management and to form the first tranche of a $2.5 billion bond programme.
The sukuk was announced at the company's new Abu Dhabi headquarters Monday morning just a day after the bank was assigned its first credit rating by Agencies Moody's and Fitch."
'via Blog this'
"Al Hilal Bank, the Islamic lender owned by the Abu Dhabi Investment Council, plans to launch a US$500 million sukuk by the end of the year.
The Islamic bond is expected to be used for general business purposes such as liquidity management and to form the first tranche of a $2.5 billion bond programme.
The sukuk was announced at the company's new Abu Dhabi headquarters Monday morning just a day after the bank was assigned its first credit rating by Agencies Moody's and Fitch."
'via Blog this'
No comments:
Post a Comment