(Updates with size, launch, final spread, demand)
DUBAI, Sept 2 (Reuters) - Bahrain-headquartered Ahli United
Bank sold $600 million in five-year sukuk, or Islamic
bonds, at 175 basis points over mid-swaps, a document showed on
Thursday.
The spread was tightened from initial price guidance of
around 200 basis points over mid-swaps after the sukuk drew more
than $1.3 billion in orders, the document from one of the banks
on the deal reviewed by Reuters showed.
Bank ABC, HSBC, Dubai Islamic Bank
, JPMorgan, Kamco Invest, KFH Capital
, Kuwait International Bank and Mashreq
are arranging the deal.
(Reporting by Yousef Saba; Editing by Uttaresh.V and Edmund
Blair)