GulfBase Live Support
10/01/2017 07:39 AST
National Bank of Abu Dhabi (NBAD) has raised a $885 million 30-year senior unsecured Formosa bond in January, the bank said.
The transaction follows NBAD’s inaugural $696 million public Formosa bond in October last year, the first 30-year Formosa bond from the Mena region, which brings the total amount raised by the bank in Taiwan to more than $1.5 billion in three months.
These issuances are part of the bank’s ongoing strategy to ensure diversification of funding by accessing new investors in new geographies.
Stephen Jordan, NBAD’s group treasurer, said: “NBAD is very pleased with the successful outcome of this transaction, which has again highlighted the confidence from the Taiwanese investor base in the merger of FGB and NBAD. This transaction also highlights the efforts that NBAD has put into establishing a global debt platform, and re-enforces our position as the most innovative issuer from the Region.”
HSBC Bank acted as lead manager and book runner, Standard Chartered Bank and Crédit Agricole as managers and book runners, with Bank SinoPac as co-manager. Société Générale and NBAD acted as joint structuring agents.
Trade Arabia
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First Gulf Properties, the real estate service provider and a wholly-owned subsidiary of the First Abu Dhabi Bank (FAB), has changed its name to "FAB Properties."
It manages a diversified
Trade Arabia
21/03/2018
First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has secured a licence from the Saudi Arabia Monetary Authority (Sama) to establish a commerci
Trade Arabia
20/03/2018
First Abu Dhabi Bank (FAB) has refuted allegations that it had conducted any transaction with the intent to manipulate the Qatari riyal.
In a statement, FAB said: “Following recent media
Trade Arabia
Ticker | Price | Change |
---|---|---|
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 |
EIB | 9.50 | 0.00 (0.00 |
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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.
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