DUBAI, Jan 14 (Reuters) - First Abu Dhabi Bank (FAB) , the largest lender in the United Arab Emirates, is selling sukuk, or Islamic bonds, worth $500 million dollars, a document by one of the banks leading the deal showed.
The bank is marketing the paper with a profit rate equivalent to 90 basis points over mid-swaps, according to the document. (Reporting by Davide Barbuscia, editing by Louise Heavens)
Our Standards: The Thomson Reuters Trust Principles.