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NBAD issues $163m Islamic bond in Malaysia
- United Arab Emirates: Sunday, November 25 - 2012 at 02:11
The UAE's largest lender by market value, National Bank of Abu Dhabi (NBAD), has issued a 500 million Malaysian ringgit ($163m) sukuk, Reuters has reported. NBAD, which recently opened a wholly-owned subsidiary in the Malaysian capital, issued its first, five-year 500 million Malaysian ringgit sukuk in June 2010. It issued the second ten-year 500 million ringgit sukuk in December 2010. HSBC Amanah Malaysia, Maybank Investment Bank, Standard Chartered Saadiq, and National Bank of Abu Dhabi Malaysia were the joint lead managers of the transaction.
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