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- Lebanon receives preliminary approval to increase World Bank loan to $400m
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- Saudi Arabia completes 674 Vision 2030 initiatives, achieves 93% of KPIs as 9th year milestone marked
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- Saudi Arabia's Vision 2030 enters final phase with strong momentum
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- Adnoc Distribution to operate 500 high-power EV chargers by 2028
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
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
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
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
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.70 | -0.30 (-0.08 |
| FAB | 13.90 | -0.14 (-1.00 |
| EMIRATESNBD | 20.15 | -0.30 (-1.47 |
| EIB | 12.25 | 0.00 (0.00 |
| ADIB | 17.64 | -0.40 (-2.22 |
26/04/2025
Adnoc Distribution, a leading fuel distributor and convenience store operator, has unveiled plans for a major expansion of its electric vehicle (EV) charging infrastructure, increasing its charging p
Trade Arabia
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
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