By anas on Tuesday, 24 June 2014
Category: Muslim Businesses Blog

UAE's Al Hilal Bank sets final price range for $500 mln perpetual sukuk

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
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