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DUBAI, Jan 9 (Reuters) - National Bank of Abu Dhabi
The issue, which was placed with institutional investors, follows NBAD's inaugural $696 million public Formosa bond in October, the first 30-year Formosa bond from the Middle East and North Africa.
Formosa bonds are sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar.
NBAD said the issuances are part of the bank's strategy to diversify its funding by tapping investors in new parts of the world.
(Reporting by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The issue, which was placed with institutional investors, follows NBAD's inaugural $696 million public Formosa bond in October, the first 30-year Formosa bond from the Middle East and North Africa.
Formosa bonds are sold in Taiwan by foreign issuers and denominated in currencies other than the Taiwanese dollar.
NBAD said the issuances are part of the bank's strategy to diversify its funding by tapping investors in new parts of the world.
(Reporting by Tom Arnold; editing by Jason Neely) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
