ABU DHABI, 6th November, 2023 (WAM) -- Abu Dhabi Islamic Bank (ADIB), a leading financial institution, rated A2 by Moody’s and A+ by Fitch with a stable outlook from both, has mandated Standard Chartered Bank as Sole Global Coordinator and Sustainability Structurer along with ADIB, Emirates NBD, First Abu Dhabi Bank, and Sharjah Islamic Bank as Joint Bookrunners and Joint Lead Managers to arrange a global investor call on Monday, 6th November 2023, followed by a series of fixed income investor calls, and meetings in London on Tuesday, 7th November 2023. A dollar-denominated rated senior Green sukuk offering will follow, subject to market conditions.
The issuance will fall under ADIB’s newly published Sustainable Finance Framework released last Friday, 3rd November, and builds on ADIB’s commitment to embedding ESG risk assessments into the bank’s operations. ADIB recently issued a US$750 million AT1 Sukuk on the London Stock Exchange in July 2023, where it was nine times oversubscribed.