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.