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Banking
ADIB successfully redeems $750 million AT1 perpetual sukuk issued in 2018
These sukuk were initially issued on September 20, 2018, at a profit rate of 7.125 per cent. The redemption was made at the trustee call amount, which includes the face value of the certificates and any outstanding payments as of September 20, 2023. Following the redemption, the trading…
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