Noor Sukuk Company Ltd. - Islamic Finance Foundation

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Noor Bank Perpetual

Summary

SPV Name:

Noor Sukuk Company Ltd.

Notes:

Order books closed in excess of $1 billion. Tier one capital issuance. Sukuk has perpetual tenor with an option for the Islamic bank to redeem the paper after five years.

Profit rate:

6.25%

Download Documents:

Prospectus, Structure Document

Sukuk Details

Type:

Wakala

Issue Size:

$500 million

Currency:

USD

Maturity:

Country of Issue:

United Arab Emirates

Tenor:

Perpetual

Issue Date:

29 May 2016

Sukuk Rating:

Noor Bank is rated A- by Fitch

Exchanges:

Nasdaq Dubai/DFM ,

Arrangers:

Ajman Bank , Citigroup , Dubai Islamic Bank , Emirates NBD , First Gulf Bank , Noor Bank , Sharjah Islamic Bank , Standard Chartered , Union National Bank ,

Advisors:

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