Al Hilal breaks four month Middle East sukuk hiatus with five year

abu dhabi
By Francesca Young
30 Sep 2013

Abu Dhabi bank Al Hilal has released price guidance on its five year debut sukuk, breaking a four month absence of Middle East sukuk deals from the market.

The price talk for the Al Hilal deal is at 190bp over mid-swaps. Leads HSBC, National Bank of Abu Dhabi and Standard Chartered expect to price the benchmark note on Tuesday.  

The roadshow for the deal, rated A1 by Moody’s and A+ by Fitch, took place last week ...

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