Abu Dhabi’s Al Hilal Bank gives initial guidance for perpetual sukuk

By Christine Van Dusen

Atlanta, June 23 – Abu Dhabi-based Al Hilal Bank set initial guidance for its upcoming issue of perpetual Islamic bonds in the 6% area, a market source said.

HSBC, Emirates NBD, Standard Chartered Bank, Citigroup, National Bank of Abu Dhabi and Al Hilal Bank are the bookrunners for the tier 1 offering.

The lender is owned by the Abu Dhabi government.

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