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Abu Dhabi Islamic Bank launches $750 million Tier 1 perpetual Islamic notes to yield 7 1/8%
By Rebecca Melvin
New York, Sept. 12 – Abu Dhabi Islamic Bank launched on Wednesday $750 million Tier 1 perpetual Islamic notes to yield 7 1/8%, according to a syndicate source.
The notes are non-callable for five years.
Abu Dhabi Islamic Bank, HSBC and JPMorgan as joint global coordinators and structuring agents for the sukuk, and Abu Dhabi Islamic Bank, Citi, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, Sharjah Islamic Bank and Standard Chartered Bank as joint lead managers and joint bookrunners.
The deal launched following roadshow meetings held in Asia, the Middle East and Europe that began on Monday.
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