Al Hilal Bank to meet investors on $500m sukuk | GulfNews.com:
"Abu Dhabi’s Al Hilal Bank is meeting with potential investors in Asia, Europe and the Middle East next week as it gears up to sell its inaugural $500 million (Dh1.836 billion) Islamic bond, chief executive Mohammad Berro said on Monday.
The bank is aiming to issue the sukuk to finance growth and broaden its funding sources as part of a $2.5 billion debt-raising program, Berro said on the sidelines of a conference in Dubai. The bond will be issued soon after next week’s roadshow, depending on market conditions, he said.
“The last step before full readiness is the roadshow, and then we will launch as soon as the market permits,” he said."
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