Dubai – Mubasher: Noor Bank said it succeeded in pricing its first perpetual Tier 1 capital issuance (sukuk) worth $500 million, according to Emirates News Agency (WAM).
The Islamic bank was able to print its inaugural AT1 sukuk at a very competitive pricing on the back of strong investor demand, WAM reported on Sunday, citing the bank.
The news agency noted that this was the first perpetual Tier 1 issuance from UAE in 2016.
"The final pricing came at the back of global roadshows across Middle East, Asia and Europe with an order book crossing over $1 billion," the bank said in a statement.
