UAE's largest bank issues $500m sukuk, first globally in 2021 - Arabianbusiness
First Abu Dhabi Bank (FAB), the UAE's largest bank, on Monday announced it has issued the first sukuk globally in 2021.
The bank said it has issued the lowest-ever yield on any five-year MENA bank US dollar issuance with its $500 million sukuk.
Issued through FAB Sukuk Company Limited, the offering attracted a total order book of about $1.5 billion which represents a three times over-subscription rate.
FAB said in a statement that the sukuk attracted "high quality Islamic and conventional investors from the Middle East, Asia, UK and Europe".
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