(MENAFN) Abu Dhabi government-owned Al Hilal Bank has raised USD100mn amid a private placement of sukuk, or Islamic bonds.
Meanwhile, the bank, an Islamic lender, issued a privately placed USD225mn sukuk in June 2016, which is the first private placement of sukuk by a UAE fiscal institution.
In addition, the bank in 2013 established an USD2.5bn sukuk program, under which it issued, in addition to the privately placed sukuk, an USD500mn five-year sukuk.
MENAFN0808201700450000ID1095703425
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.