Back
Listed
Sukuk
Wakalah
First Abu Dhabi Bank USD 800m Sukuk 2029
First Abu Dhabi Bank · United Arab Emirates
Senior sukuk from the UAE's largest bank by assets.
Key terms
- Issuer profile
- First Abu Dhabi Bank
- ISIN
- XS2618232197
- Structure
- Wakalah
- Issue size
- $800M
- Ccy
- USD
- Minimum investment
- $200,000
- Payment frequency
- semi-annual
- Listing venue
- London Stock Exchange
- Governing law
- English law
Pricing
- Profit rate
- 4.58% (fixed)
- Indicative price
- 99.48
- Yield to maturity
- 4.804%
- Spread
- 62 bps
- Ratings
- Aa3 / AA-
Key dates
- Issue date
- 16 Apr 2024
- Maturity date
- 16 Apr 2029
- Tenor
- 5 years
Shariah information
- Shariah advisor
- Internal Shariah Supervisory Board
- AAOIFI aligned
- ✓
- Underlying asset
- Wakalah asset portfolio
- Use of proceeds
- General banking purposes