The UAE's largest lender First Abu Dhabi Bank has given initial price guidance at 120 basis points over U.S. Treasuries for its 5-year benchmark-sized debt issuance, fixed income news service IFR reported on Wednesday.
First Abu Dhabi Bank (FAB) is the largest bank in the United Arab Emirates
The UAE's largest lender First Abu Dhabi Bank has given initial price guidance at 120 basis points over U.S. Treasuries for its 5-year benchmark-sized debt issuance, fixed income news service IFR reported on Wednesday.
The UAE lender has hired Citi, First Abu Dhabi Bank, HSBC, ICBC Dubai, Societe Generale and Standard Chartered Bank as joint lead managers and bookrunners for the debt sale, IFR said.
The debt is expected to be priced later in the day, IFR added.
First Abu Dhabi Bank (FAB) is the largest bank in the United Arab Emirates (UAE) and one of the leading financial institutions in the Middle East and North Africa (MENA) region.
It was formed in 2017 as a merger between the National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), creating a banking powerhouse with a strong presence in the UAE and beyond.
Reporting by Mohammad Edrees
The Gulf region is dependent on a strong United States and the whole region wants security so local economies can flourish, the U.S. president's son, Eric Trump, said in an interview with Reuters on Tuesday.
A U.N. panel of experts charged with monitoring sanctions in Sudan is investigating how mortar rounds exported from Bulgaria to the United Arab Emirates ended up in a supply convoy for Rapid Support Forces (RSF) militia fighters, according to a letter seen by Reuters.
Over the past three decades, Georgia has steadily transformed itself into a strategic bridge linking Asia, the Middle East, and Europe.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.