September 12, 2018 / 1:19 PM / 10 days ago

Abu Dhabi's Al Hilal Bank set to issue $500 mln sukuk

DUBAI, Sept 12 (Reuters) - Abu Dhabi’s Al Hilal Bank is set to complete later on Wednesday a $500 million sukuk sale, a document issued by one of the banks leading the deal showed.

The sukuk, or Islamic bonds, offer investors 148 basis points over mid-swaps.

The bank received over $1.1 billion in orders for the issue, according to the document. (Reporting by Davide Barbuscia, editing by Louise Heavens)

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