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22 June 2024

Abu Dhabi Islamic Bank pays off $800m Sukuk

By Reuters

Abu Dhabi Islamic Bank (ADIB) 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 UAE.