ABU DHABI: National Bank of Abu Dhabi (NBAD), the UAE’s largest lender by market value, has issued a RM500mil (US$163mil) Islamic bond or sukuk, its third in the currency.
The 15-year sukuk was issued at a coupon of 4.75% and was the first ever issue of subordinated debt by a non-Malaysian financial institution in Malaysia, the bank said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
