September 15, 2018 / 9:38 AM / 2 months ago

Abu Dhabi Islamic raises $750 million in Tier-1 perpetual sukuk

DUBAI, Sept 15 (Reuters) - Abu Dhabi Islamic Bank said on Saturday it has raised S$750 million of additional Tier 1 through a perpetual sukuk that complies with the Basel III regulatory framework issued by the Central Bank of the United Arab Emirates. ADIB, the largest sharia-compliant lender in Abu Dhabi, started marketing the notes on Wednesday. The Additional Tier 1 perpetual bonds are similar to an equity instrument in the fact that they have no maturity. (Reporting by Maher Chmaytelli, Editing by William Maclean)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below