Published: July 13, 2011
Bank announces US$3.5bn programme.
First Gulf Bank has announced details of a US$3.5bn sukuk programme.
The Abu Dhabi-based lender has issued a prospectus with details of the programme, which will allow it to raise new funds in several currencies. Arrangers for the programme are Citi, HSBC and Standard Chartered Bank.
Moody’s Investors Service has assigned the programme a provisional A2 rating with a negative outlook.