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Abu Dhabi Bank Prices 5-yr Sukuk at 4.75 Pct-Source - ASHARQ AL-AWSAT English Archive
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KUALA LUMPUR, (Reuters) – National Bank of Abu Dhabi has priced 500 million ringgit ($156.9 million) in five-year sukuk at 4.75 percent, a source with direct knowledge of the deal said on Tuesday.

National Bank of Abu Dhabi, the second largest bank in the United Arab Emirates by assets, is selling the sukuk in Malaysia.

NBAD was not immediately available for comment.

The bank was one of five lenders which was recently awarded commercial banking licences by Malaysia’s central bank.

HSBC, Royal Bank of Scotland and the investment banking arm of Malaysia’s top lender Malayan Banking are handling the deal.

NBAD, rated ‘A plus’ by Standard & Poor’s and ‘Aa3’ by Moody’s, recently launched a $5 billion euro medium term note programme in the Middle East.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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