New Issue: Abu Dhabi Islamic Bank sells $750 million 3.745% notes due 2015 at par

By Christine Van Dusen

Atlanta, Oct. 28 - Abu Dhabi Islamic Bank priced a $750 million sukuk issue of 3.745% notes due Nov. 4, 2015 (A2//A+) at par to yield Treasuries plus 248.9 basis points, a market source said.

Barclays Capital, HSBC and Standard Chartered were the bookrunners for the Regulation S deal, which was whispered to yield mid-swaps plus the low 200 bps before launching at mid-swaps plus 225 bps.

Abu Dhabi Islamic Bank is a lender based in the United Arab Emirates.

Issuer:	Abu Dhabi Islamic Bank
Amount:	$750 million
Maturity:	Nov. 4, 2015
Description:	Sukuk notes
Bookrunners:	Barclays Capital, HSBC, Standard Chartered
Coupon:	3.745%
Price:	Par
Yield:	3.745%
Spread:	Treasuries plus 248.9 bps
Trade date:	Oct. 28
Settlement date:	Nov. 4
Ratings:	Moody's: A2
	Fitch: A+
Distribution:	Regulation S
Price talk:	Mid-swaps plus low 200 bps whisper; launched at mid-swaps plus 225 bps

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