Summary
SPV Name:
ADIB CAPITAL INVEST 1 LTD
Notes:
Trustee: Sharjah Islamic Bank (SIB)
ISIN: XS0851081660
• The world’s first Shariah-compliant hybrid Tier 1 Sukuk
• The first publically issued perpetual and Tier 1 instrument in the GCC
• The first Basel III-compliant deal out of the UAE
• Order book of USD15.5 billion in 330 orders, from an initial benchmark of just USD500 million, marking an oversubscription of 30 times
• Priced at an expected profit rate of 6.375%, one of the lowest rates achieved for any perpetual instrument by a global bank.
Profit rate:
6.375%
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