Mohammad Edrees

2 weeks ago | gurutrade.com | Mohammad Edrees |Sonali Paul |Louise Heavens

April 28 (Reuters) - Abu Dhabi state oil giant ADNOC will raise $1.5 billion from a debut sale of Islamic bonds, or sukuk, according to a document seen by Reuters on Monday. Abu Dhabi National Oil Company (ADNOC), acting through its primary debt capital markets entity ADNOC Murban, is selling the sukuk at 60 basis points over U.S. Treasuries, the document said. ADNOC received more than $3.85 billion in demand for the 10-year Islamic bonds, which will be used for general corporate purposes.