The lender is planning to issue benchmark sized dollar-denominated Additional Tier 1 capital instrument
PHOTO
The UAE's third-largest lender Abu Dhabi Commercial Bank has given initial price guidance of around 8.625% for its perpetual non-call 5.5-year bonds, according to an arranging bank document seen by Reuters on Monday.
The lender is planning to issue benchmark sized dollar-denominated Additional Tier 1 capital instrument, which is expected to be priced later in the day, The document said.
(Reporting by Mohammad Edrees, Editing by Louise Heavens)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
