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This issuance is the Bank’s first benchmark public issuance in 2018. CIMB, Citi, Emirates NBD Capital, Gulf International Bank, HSBC, Natixis, SMBC Nikko and Standard Chartered Bank acted as the joint lead managers (JLMs) and joint book runners. The mandate was announced on February 28, 2018
  • The Islamic Development Bank has successfully priced a US$1.25 billion.
  • The Sukuk was priced at par at 3.10%, to be payable on semi-annual basis.

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Sukuk Name: First Abu Dhabi Bank 2023
Type: Wakala
Issue Size: $650 million
Coupon Rate: 3.625%
Currency: USD
Date: 06 March 2018
Tenor: 5 years
Maturity: 06 March 2023
Exchange: London Stock Exchange ,
Arrangers & Advisors: Citigroup , First Abu Dhabi Bank , HSBC , Standard Chartered ,
Download: Prospectus, Structure Document

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