Abu Dhabi Islamic raises $750mln in Tier-1 perpetual sukuk
Abu Dhabi Islamic Bank started marketing the notes on Wednesday
DUBAI - 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.
0 comments