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Monday, April 15, 2024

Launch Partners

First Abu Dhabi Bank submits third supplement to base prospectus of US$5 billion trust certificate program; could issue green Sukuk

UAE: First Abu Dhabi Bank (FAB) has submitted a third supplement to its base prospectus of a US$5 billion trust certificate program prepared by FAB Sukuk Company in January 2023, according to a filing on the London Stock Exchange.

The bank is looking to issue a three-year RegS green Sukuk facility worth AED1 billion (US$272.2 million), with Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Sharjah Islamic Bank and Standard Chartered Bank as the bookrunners and lead managers, Cbonds said in a separate post on its website.

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