• The target value of the offering was more than nine times higher, achieving the highest demand for subscriptions to open-ended sukuk for first-tier capital raising in the region since 2013.

• The offer price was a profit margin of 7.25 percent.

• The success of the offering confirms the confidence of local, regional and international investors in the bank’s strength and stature, its capital position and its continued performance.

Abu Dhabi: Abu Dhabi Islamic Bank, a leading financial services group, announced today that it has successfully issued a $750 million sukuk, the first tier 1 sukuk to be issued in the US, an open-ended sukuk to raise capital. Dollars in the world from March 2023.

ATIP – rated A2 and A+ by Moody’s and Fitch respectively, with a stable outlook – is a five-and-a-half-year non-redeemable sukuk at a yield of 7.25% per annum, payable semi-annually. The new sukuk will be listed on the London Stock Exchange.

Attracting interest from more than 240 global and regional investors, the orders were valued at $7 billion, more than nine times the target value, and reached the closing price. 62.5 basis points below the preliminary price index. The price range is 306 basis points above US Treasury yields, which is 121 basis points lower than the price range for sukuk issued by the bank in 2018.

Nasser Abdullah Al-Awadi, Chief Executive Officer of Abu Dhabi Islamic Bank Group, said: “We are proud of this significant and exceptional influx of diverse local, regional and international investors, and the value of the offering is more than nine times. Times, this is based on the strength and position of Abu Dhabi Islamic Bank. Reflects confidence. We are pleased to see this strong international demand continue despite the recent price reduction. This sukuk issuance is the position of the Bank Group to preserve capital and strength. This success adds to Abu Dhabi Islamic Bank’s environmental management framework and social and corporate governance, adding to the Bank’s track record of achievements and increasing its market share. Thanks to its ability to achieve stable income.

Supply was driven by broad demand across the three regions, with 83% to the Middle East, 13% to Europe and 4% to Asia. By investor type, 70% was allocated to private banking services, 16% to asset and fund managers, 10% to commercial banks and 4% to other investors.

ADIB’s Tier 1 Permanent Sukuk are structured in accordance with the internationally agreed Basel III regulatory framework, which includes comprehensive capital and liquidity standards.

HSBC Bank and Standard Chartered Bank acted as joint global arrangers and structuring agents for the sukuk, with Abu Dhabi Islamic Bank, Citibank, Emirates NBD Capital, First Abu Dhabi Bank and JP Morgan acting as joint lead managers and joint bookrunners.

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About Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank is one of the leading banks in the UAE with assets of over AED 172 billion. The bank is unique in its specialized banking services through the Internet, smart devices and mobile phones, allowing customers to easily access their bank accounts 24 hours a day. ADIB offers a wide range of retail, corporate and commercial banking products and services, as well as private banking and wealth management services. Abu Dhabi Islamic Bank was established in 1997 and its shares are traded on the Abu Dhabi Securities Exchange (ADIB) under the symbol

ADIB has a strong presence in six strategic markets: Egypt, where it has 70 branches, as well as Saudi Arabia, the United Kingdom, Sudan, Qatar and Iraq.

The bank won the “World’s Best Islamic Bank” award from the international magazine “The Banker”. Abu Dhabi Islamic Bank has demonstrated a track record of excellence in this regard, and this is reflected in a range of products that include the award-winning Gina Savings Account, cards in partnership with Emirates Airlines, Etihad Airways and Etisalat. Range of financial products.