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Sukuk news fail to lift Abu Dhabi Islamic Bank
- United Arab Emirates: Sunday, November 11 - 2012 at 15:56
The Abu Dabi equity index ADXGI slipped 0.14% to 2,670.72 points. The sheikhdom's first lender National Bank of Abu Dhabi or NBAD fell 0.23% to Dhs9.61. Abu Dhabi Islamic Bank, known and branded as ADIB, closed 1.22% lower at Dhs3.25. Earlier in the day, Gulf Daily News said ADIB rached at investor meetings in Asia, the Middle East and Europe in order to promote a $1b sukuk a total of $15bn book orders form 330 orders. The Tier 1 perpetual sukuk has no definite maturity date and was launched at a profit rate of 6.375%, Gulf Daily news reported.
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Gérard Al-Fil, Financial JournalistSunday, November 11 - 2012 at 15:56 UAE local time (GMT+4)
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