New Issue: First Abu Dhabi issues $800 million 4.779% trust certificates due 2029

By Marisa Wong

Los Angeles, Jan. 23 – First Abu Dhabi Bank PJSC issued $800 million of 4.779% trust certificates due Jan. 23, 2029 (Aa3//AA-) at par, according to a final term sheet.

The non-callable certificates list FAB Sukuk Co. Ltd. as issuer or trustee.

Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, Islamic Corp. for the Development of the Private Sector, KFH Capital Investment Co. KSCC, Sharjah Islamic Bank PJSC and Standard Chartered Bank acted as the managers.

First Abu Dhabi Bank is a lender operating in the United Arab Emirates.

Issuer:	FAB Sukuk Co. Ltd.
Amount:	$800 million
Issue:	Trust certificates, series 8, tranche 1
Maturity:	Jan. 23, 2029
Bookrunners:	Dubai Islamic Bank PJSC, Emirates NBD Bank PJSC, First Abu Dhabi Bank PJSC, HSBC Bank plc, Islamic Corp. for the Development of the Private Sector, KFH Capital Investment Co. KSCC, Sharjah Islamic Bank PJSC and Standard Chartered Bank
Profit rate:	4.779%
Price:	Par
Yield:	4.779%
Call features:	Non-callable
Pricing date:	Jan. 18
Settlement date:	Jan. 23
Ratings:	Moody’s: Aa3
	Fitch: AA-
ISIN:	XS2747271018

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