ADIB pays off $800m sukuk
Abu Dhabi, December 13, 2011
Abu Dhabi Islamic Bank said it had fully paid an $800 million, five-year Islamic bond which matured on December 12, 2011.
The bank, which last month sold a $500 million, five-year Islamic bond, had issued the maturing sukuk in 2006 as part of a $5 billion trust certificate programme.
"The total amount paid to certificate holders of the 2006 sukuk is $800 million," the bank said in a statement late on Monday. ADIB is the second biggest Islamic bank in the United Arab Emirates. -Reuters