NBAD launches MYR 500 million Sukuk
HSBC and Maybank acted as joint lead managers and bookrunners. The issue, which is being sold in Malaysia, is part of the bank’s MYR EMTN programme and was 3.6 times oversubscribed. National Bank of Abu Dhabi (NBAD) is the second largest bank in the United Arab Emirates and was one of five lenders recently awarded new commercial banking licenses by Bank Negara Malaysia. NBAD recently launched a $5 billion EMTN programme in the Middle East.