Tagged: Standard Chartered Saadiq Bhd

UAE’s bank issues US$163mil sukuk

UAE’s bank issues US$163mil sukuk

A RM500mil (US$163mil) Islamic bond has been issued by the National Bank of Abu Dhabi. The issued sukuk has an interest rate of 4.75% and will mature in 15 years. The joint lead managers of the transaction besides the Malaysian national bank were HSBC,…

MNRB plans RM150m Sukuk, secures RM200m credit

MNRB plans RM150m Sukuk, secures RM200m credit

MNRB Holdings Bhd has planned the launch of a Sukuk Mudharabah programme worth up to RM150mil. At the same time, the company has secured a RM200mil revolving credit-i facility from Standard Chartered Saadiq Bhd. According to the reinsurer, RM120mil wil…