The bank plans to sell dollar-denominated Tier-2 bonds maturing in 10-1/2 years
PHOTO
The United Arab Emirates' largest lender, First Abu Dhabi Bank, has given initial price guidance of around 200 basis points over U.S. Treasuries for its expected $750 million bonds, according to a document seen by Reuters on Tuesday.
The bank plans to sell dollar-denominated Tier-2 bonds maturing in 10-1/2 years, which would be non-callable for 5-1/2 years and would be priced later in the day, an arranging bank document showed.
(Reporting by Mohammad Edrees, Editing by Louise Heavens)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
