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Awards

Deals of the Year 2012: Abu Dhabi Islamic Bank

Abu Dhabi Islamic Bank
Size $1 billion perpetual non-call six-year hybrid tier 1 sukuk
Bookrunners ADIB, HSBC, Morgan Stanley, National Bank of Abu Dhabi, Standard Chartered
return to the Middle East and Africa Deals of the Year index

With little happening in regional equity issuance, the most important deals in 2012 in the Middle East, even more than other emerging regions, were in debt – and, in particular, sukuk. This was the year when Islamic capital market issuance really found its voice, from Qatar’s international record $4 billion sukuk to a Turkish sovereign debut, Axiata’s dim sum sukuk and important domestic deals in Saudi Arabia and Malaysia. There was a record $144 billion of issuance in 2012, according to Ifis, part of the Euromoney group.

You can read more on some of these deals in our Islamic finance awards, but the trend warranted recognition in this section too, and we selected Abu Dhabi Islamic Bank’s $1 billion tier 1 perpetual, launched in November.

This deal logged a number of firsts.

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