(Ahlul Bayt News Agency) - First Persian Gulf Bank (FGB) is planning to sell its first Islamic bond under a $3.5bn sukuk program as yields on Islamic debt reached a six-year low, Bloomberg has reported. The Islamic bond will be the first from Abu Dhabi since National Bank of Abu Dhabi (NBAD) raised 500 million Malaysian ringgit ($160m) in December from the sale of 10-year bonds paying a coupon of 4.9%./129
12 July 2011 - 19:30
News ID: 253154
First Persian Gulf Bank (FGB) is planning to sell its first Islamic bond under a $3.5bn sukuk program as yields on Islamic debt reached a six-year low, Bloomberg has reported.
