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Abu Dhabi’s Al Hilal Bank mandates for debut Islamic bond

Abu Dhabi's Al Hilal Bank has picked three banks to arrange its debut Islamic bond, or sukuk, three sources familiar with the matter said on Monday, with the deal expected to emerge in the first quarter of 2012, one of them added.

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November 14, 2011 1:44 by



Standard Chartered, HSBC and National Bank of Abu Dhabi have been mandated by Al Hilal for a benchmark-sized deal under a bond programme which could be worth up to $3 billion, one banking source with knowledge of the proceedings told Reuters. (Reporting by Stanley Carvalho; Writing by Rachna Uppal; Editing by David French)


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