ADIB bags $15.5bn book for first Basel III compliant sukuk
Abu Dhabi Islamic Bank launched the first-ever Basel III compliant subordinated sukuk note well inside initial guidance on Thursday morning after $15.5bn of orders.
Initial price talk on the tier one deal had started at 7% area when books opened in Asia on Wednesday morning but was revised to 6.5% area that day after demand hit $10bn.
The perpetual non-call six year note was launched at a yield of 6.375% at 10.30am GMT
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