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 United Arab Emirates has pledged to invest $1.4 trillion over the next decade in the United States as part of a sweeping investment framework focused on key sectors such as artificial intelligence infrastructure, semiconductors, energy, and manufacturing, according to a statement released by the White House on Friday.
Manchester City has officially announced the launch of the Ramadan Esports Football Cup, a regional gaming tournament bringing together players from across the Middle East and North Africa (MENA).
Paris has welcomed a new luxury landmark with the grand opening of the Barrière Vendôme Hotel, an opulent five-star establishment that now graces the former headquarters of the Lacoste brand, nestled between Place Vendôme and the Jardin des Tuileries.
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.