Abu Dhabi – Mubasher: First Abu Dhabi bank (FAB) has ranked six in Bloomberg’s list of the top bond issue arrangers in the Middle East and North Africa (MENA), with15 transactions, totalling AED 6.6 billion ($1.797 billion).

Standard Chartered, a Britain-based multinational bank, has topped the list, climbing four places from its rank in 2017.

Meanwhile, HSBC followed Standard Chartered, coming second, with a balance of 19 deals that have a combined value of AED 14.49 billion ($3.946 billion)

Bond sales in MENA soared 20% to AED 213.03 billion ($58 billion), Bloomberg’s data showed.