Sunday, 17 December 2017 01:50 GMT
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UAE- Al Hilal Bank to price $500m perpetual sukuk

(MENAFN - Khaleej Times) Al hilal bank was to price its $500 million capital-boosting sukuk issue later yesterday at the tight end of revised guidance a document from lead managers said as high demand helped reduce the borrowing cost.

the transaction which has a perpetual tenor but can be bought back by the lender after the fifth year will price at the tight end of the 5.5-5.625 per cent range given earlier on tuesday the document said.


UAE- Al Hilal Bank to price $500m perpetual sukuk

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