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Bank ABC arranges landmark $600mln Sukuk Issuance for ALC

Bank ABC, one of Mena’s leading international banks, has acted as the Sole Arranger, Structurer and Joint Lead Manager (JLM) and Bookrunner for a $600 million 5-year Sukuk Issuance by Air Lease Corporation (ALC).

This issuance marks not only the debut Sukuk from ALC but also the first sukuk issuance by a corporate from North America. The issuance is part of ALC’s funding strategy to diversify its investor base and tap a new pool of liquidity.

Link: https://www.zawya.com/en/islamic-economy/islamic-finance/bank-abc-arranges-landmark-600mln-sukuk-issuance-for-alc-xfeq7a6k

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