Abu Dhabi Commercial Bank issues $540 million Formosa bond

10/01/2018 06:11 AST

Abu Dhabi Commercial Bank (ADCB), the emirate’s second-largest bank by assets, raised $540 million (Dh1.98 billion) through the sale of a Formosa bond, sources told Reuters on Tuesday.

ADCB has been among the most active Gulf banks in the Formosa market in the past year or so. Formosa bonds are sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar.

The sale, which was settled last week, was placed with institutional investors, the sources said, with Barclays arranging the deal.

The bank did not immediately respond to a Reuters request for comment. In July, ADCB raised $320 million through the sale of a five-year Formosa bond, in addition to other issues earlier in 2017 of $230 million and $750 million, respectively.

Most recently, the bank raised A$400 million ($313.5 million) in a triple-tranche “Kangaroo” bond issuance. Kangaroo bonds are issued by non-Australian issuers in the Australian market and are denominated in Australian dollars.


Gulf News

News

ADCB approves a dividend of 42% of bank’s capital

14/03/2018

The Board of Directors of Abu Dhabi Commercial Bank approved a dividend payout for 2017 of 42 per cent of the bank’s capital. Dividend payout totals Dh2.18 billion, chairman of the bank Eisa Mohammad

Gulf News

ADCB's 2017 net profit surges to $1.16bn

30/01/2018

Abu Dhabi Commercial Bank (ADCB) has registered a full year net profit of Dh4.28 billion ($1.16 billion) for 2017, up three per cent over the same period the year before.

Announcing the fi

Trade Arabia

ADCB shows the meaning of true investor relations

27/10/2017

Following on last week’s article analysing the Q3 financial performance of Dubai Islamic Bank, Union National Bank and Mashreq, on Wednesday I had a look at how the other banks are performing and was

The National

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
TAHSSILAT 25.00 4,010

Valuation

ADCB Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
FAB 11.95 0.20 (1.70%)
NCB 64.98 0.35 (0.54%)
RJHI 76.03 0.78 (1.03%)
EMIRATESNBD 10.65 0.05 (0.47%)
SAMBA 26.98 0.59 (2.23%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap