ADIB to issue Islamic bond soon

14 October 2010

Abu Dhabi Islamic Bank plans roadshow as early as next week

Abu Dhabi Islamic Bank plans to issue an Islamic bond in the coming weeks, and has mandated Barclay’s Capital, HSBC and Standard Chartered to arrange the sale, with a roadshow planned as early as next week, Reuters has reported, citing two market sources. ADIB refreshed a $5bn sukuk programme in July that had originally been launched in 2006. The bank has not yet sold any bonds under the programme, a spokeswoman said in July.

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