Abu Dhabi- Al Hilal Bank raises USD100mn of sukuk
( 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.
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