Al Hilal Bank offers USD 500 million additional Tier 1 sukuk capital
Transaction oversubscribed 9 times with USD 4.5 billion demand from 200 investors July 2, 2014 Al Hilal Bank has successfully priced USD 500 million Perpetual Additional Tier 1 sukuk certificates, marking the first Tier 1 issuance out of the Middle East since May 2013. The transaction, which was 9 times oversubscribed, drew demand worth USD …