ADIB plans sukuk issuance to boost capital
- United Arab Emirates: Wednesday, October 31 - 2012 at 02:25
Abu Dhabi Islamic Bank (ADIB) is planning to boost its capital through the sale of a Shari'ah-compliant debt instrument, in what would be a rare method by a regional lender to boost its core capital ratios, Reuters has reported. The sukuk sale is likely to be benchmark-sized, a source at one of the arranging banks said. Benchmark size bonds are typically $500 million or more in size. ADIB, the largest Shari'ah-compliant lender by market value in Abu Dhabi, will start investor meetings on October 31 ahead of a potential Islamic bond sale, the arranging banks said.
- Android, Windows Phone market share rise, iOS ,...
- Airlines alerted about a B777 engine problem
- Emirates to deploy A380 on the Brisbane,...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.