Total First Abu Dhabi Bank $600 million from the sale of unsecured priority bonds for five years and a quarter.
The bank sold the bonds at a premium of 105 basis points over the yields of US Treasury bonds, after the initial indicative price was at 130 basis points over the same benchmark bonds.
The pricing drop comes after demand topped $1.45 billion.
The list of main managers in the bond offering included Citi, Emirates NBD and Abu Dhabi First Banks, in addition to HSBC and Standard Chartered.
Related posts:
Naguib Sawiris signs an agreement to sell Arbach Grayson in the United States
agri-food companies facing difficulties that are piling up
Insufficient supply of semiconductors for automobiles...Hyundai-Kia Motors plant stops overtime
Consumption voucher of 300 euros offered to employees: few employers to offer it