FAB issues first Sukuk globally in 2024

First Abu Dhabi Bank (FAB) has issued a five-year US$800 million Sukuk at US Treasury +85bps, which resulted in an all-in yield of 4.779%.This issuance marks the first Sukuk issued globally in 2024 and stands as the region's first offering for the year. The final spread for the Sukuk was set at 85