Abu Dhabi Islamic Bank hires banks to sell bonds

13 October 2010

Abu Dhabi Islamic Bank (ADIB) has hired three banks for bond issue

Abu Dhabi Islamic Bank (ADIB) has hired the UK’s HSBC, Standard Chartered and Barclays to arrange a bond issue, and may start meeting investors this month, Bloomberg has reported, citing two bankers familiar with the plan. ADIB has a $5bn sukuk trust certificate programme, according to a base prospectus dated July 8 posted by the bank on the London Stock Exchange’s website.

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