Thursday, June 4, 2020

Watch: Two COVID-19 assessment centres open in Abu Dhabi

Thursday, June 4th, 2020 6:57am By Sanooj Sherif WAM Two COVID-19 assessment centres have...

First Abu Dhabi Bank sells $500 mln sukuk

DUBAI, Jan 14 (Reuters) – First Abu Dhabi Bank (FAB) , the largest lender in the United Arab Emirates, is selling sukuk, or Islamic bonds, worth $500 million dollars, a document by one of the banks leading the deal showed.

The bank is marketing the paper with a profit rate equivalent to 90 basis points over mid-swaps, according to the document. (Reporting by Davide Barbuscia, editing by Louise Heavens)

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