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Al Hilal Bank Perpetual Sukuk

Summary
SPV Name:
Al Hilal Bank Perpetual Sukuk 

Notes:
Tier 1 Capital Boosting Sukuk. Perpetual Sukuk which can be bought back by the lender after the fifth year. ISIN XS0977488294 The transaction, which has a perpetual tenor, Pricing was tightened from an original guidance of about 6% as bids of about $5bn were received from over 200 investors. The issuance has a diverse geographical distribution, with the Middle East and North Africa region comprising (40 per cent), Asia (31 per cent), and Europe (29 per cent). Investor types involved in the transaction included Funds (32 per cent); Private Banks (31 per cent); Banks (29 per cent); and Insurance (8 per cent).  


Profit rate:
5.5%
 
Download Documents:
 
Sukuk Details
Type:
 

Issue Size:
USD500,000,000 ($500 Million US Dollars) 

Currency:
USD 

Maturity:
 

Country of Issue:
United Arab Emirates 

Tenor:
Perpetual - 5 Year Option 
Issue Date:
02 July 2014 
Sukuk Rating:
 
Exchanges:
Arrangers:
Advisors:
 
 
 

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