First Abu Dhabi Bank began marketing US $ 500 million in five-year dollar bonds.
According to Arabiyanet, the bank set an indicative price for the bonds to be issued between 100 and 150 points above the MIDSWAPS index, according to Bloomberg.
The agency added that Dubai Islamic Bank, Emirates Dubai, Al Watani, Al Ahli Capital and others have been appointed as managers of the offering, which is expected to close today.
Also earlier today, Emirates NBD announced the issuance of premium five-year bonds worth $ 750 million (2.75 billion dirhams).
The bank explained in a disclosure to the Dubai Financial Market that the bonds were issued on January 6, and these bonds will be listed on January 13 and mature on January 13, 2026 .
and a document showed that Emirates NBD has assigned banks to arrange calls with investors ahead of issuing dollar-denominated bonds worth at least $ 500 million.
and according to the document issued by one of the banks leading the process and seen by Reuters, the issuance, which has attracted more than $ 2.2 billion in underwriting requests, provides an interest rate equivalent to 115 basis points. Above average fixed and variable interest swap rates
