First Abu Dhabi Bank intends to issue additional Tier 1 capital bonds as soon as possible, possibly in September.
According to Reuters, one source stated that the bank would likely issue bonds worth $ 750 million.
"Rola Al-Qadi, Finance Officer at First Abu Dhabi Bank," said, in response to an inquiry from Reuters. .
and additional capital bonds of the first level are among the highest risk debt instruments that a bank can issue, and although they are designed to be of a permanent nature, lenders can Calling bonds after a specified period.
and in June, Abu Dhabi First decided to redeem an additional $ 750 million tier 1 capital bond on the first call date.
(Amazon fun knowledge)
