Abu Dhabi – Mubasher: First Abu Dhabi Bank led the private placement of sukuk worth $100 million for Abu Dhabi government-owned Al Hilal Bank, Reuters reported.

The issue has a two-year maturity and offers 90 basis points over a three-month London Interbank Offered Rate (Libor).

The bank issued a privately placed $225 million sukuk in June last year, maturing in January 2019, while the new $100 million issue is due on 14 August of the same year.