DUBAI, June 24 Abu Dhabi's Al Hilal Bank has set
the final price range for its $500 million capital boosting
sukuk issue, which will complete later on Tuesday, a document
from lead managers said.
The transaction, which has a perpetual tenor but can be
bought back by the lender after the fifth year, will price in
the range of 5.5 percent and 5.625 percent, the document said.
Strong investor demand - order books were worth around $5
billion - helped the pricing tighten from the 5.75 percent area
pricing guidance which was given on Monday.
The unlisted Islamic lender, owned by the Abu Dhabi
Investment Council, has chosen itself as well as Citigroup
, Emirates NBD, HSBC, National Bank of
Abu Dhabi and Standard Chartered to arrange
(Reporting by Archana Narayanan; Writing by David French,
Editing by William Maclean)