New Issue: Ahli United Bank, Al-Hilal Islamic Banking sell $600 million five-year sukuk at par

By Rebecca Melvin

Concord, N.H., Sept. 3 – Bahrain’s AUB Sukuk Ltd. priced $600 million five-year fixed-rated sukuk senior trust certificates guaranteed by Ahli United Bank BSC and Al-Hilal Islamic Banking Services, according to a notice on Friday.

The trust certificates were offered at 100 and will be listed on the London Stock Exchange.

J.P. Morgan Securities plc, HSBC, Bank ABC, Dubai Islamic Bank, Kamco Invest, KFH Capital, Kuwait International Bank and Mashreq Bank are the managers.

Ahli United is a regional bank based in Bahrain.

Issuer:	AUB Sukuk Ltd.
Guarantors:	Ahli United Bank BSC and Al-Hilal Islamic Banking Services
Issue:	Sukuk senior trust certificates
Amount:	$600 million
Maturity:	Five years
Bookrunners:	J.P. Morgan Securities plc, HSBC, Bank ABC, Dubai Islamic Bank, Kamco Invest, KFH Capital, Kuwait International Bank and Mashreq Bank
Pricing date:	Sept. 2
Settlement date:	Sept. 8

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