Al Hilal Bank may issue capital-boosting Islamic bond

June 15, 2014 9:20 am


Abu Dhabi-based Al Hilal Bank may sell a benchmark-sized Tier 1 capital-boosting sukuk after announcing plans to meet fixed income investors, Reuters has reported. The unlisted Islamic lender, owned by the Abu Dhabi Investment Council, has chosen itself as well as Citigroup, Emirates NBD, HSBC, National Bank of Abu Dhabi and Standard Chartered to arrange roadshows. The bank will meet investors in the Middle East on June 15 before moving to Hong Kong on June 17, followed by Singapore on June 18. After a day in London on June 20, roadshows end in Switzerland on June 23, according to a document from leads.

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