Wednesday 02, July 2014 by Matthew Amlôt

Al Hilal Bank offers $500 million additional Tier 1 Sukuk capital

Al Hilal Bank has successfully priced $500 million Perpetual Additional Tier 1 Sukuk certificates, marking the first Tier 1 issuance out of the Middle East since May 2013. The transaction, which was nine times oversubscribed, drew demand worth $4.5 billion from over 200 investors.

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