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Abu Dhabi's Al Hilal Bank will price its USD 500 million capital-boosting sukuk issue later on Tuesday at the tight end of revised guidance, a document from lead managers said, as high demand helped reduce the borrowing cost.

Abu Dhabi's Al Hilal Bank will price its USD 500 million capital-boosting sukuk issue later on Tuesday at the tight end of revised guidance, a document from lead managers said, as high demand helped reduce the borrowing cost.

DUBAI, June 24 (Reuters) - Abu Dhabi&aposs Al Hilal Bank has set the final price range for its $500 million capital boosting sukuk issue, which will complete later on Tuesday, a document from lead managers said.The transaction, which has a perpetual tenor but can be bought back by the lender after the fifth year, will price in the range of 5.5 percent and 5.625 percent, the document said.Strong in

Senegal will launch its 100 billion CFA franc (USD 207 million)sukuk programme on Wednesday, the finance ministry said in a statement, the first major Islamic bond by a West African nation to raise funds.

Abu Dhabi's Al Hilal Bank has set the final price range for its $500 million capital boosting sukuk issue, which will complete later on Tuesday, a document from lead managers said.

Abu Dhabi's Al Hilal Bank has set the final price range for its $500 million capital boosting sukuk issue, which will complete later on Tuesday, a document from lead managers said.