February 27, 2018 / 3:40 PM / 8 months ago

First Abu Dhabi Bank concludes $650 mln five-year sukuk

ABU DHABI, Feb 27 (Reuters) - First Abu Dhabi Bank (FAB) concluded the issuance of a $650 mln five-year sukuk on Tuesday, registering a final price of 95 basis points above midswaps, it said in a statement.

The bonds from the United Arab Emirates’ largest bank were listed in London with a coupon of 3.625 percent. Total demand from investors exceeded $1.3 billion, according to the statement. (Reporting by Stanley Carvalho, Writing by Katie Paul, editing by David Evans)

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