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GC Asia
Al Hilal breaks four month Middle East sukuk hiatus with five year
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 ...Already a subscriber? Login
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