First Abu Dhabi Bank markets sterling-denominated bonds - document

Barclays, First Abu Dhabi Bank, HSBC and TD Securities are arranging the deal

  
First Abu Dhabi Bank head office situated at Khalifa Business Park Abu Dhabi. Image used for illustrative purpose.

First Abu Dhabi Bank head office situated at Khalifa Business Park Abu Dhabi. Image used for illustrative purpose.

First Abu Dhabi Bank / Handout via Zawya

DUBAI- First Abu Dhabi Bank launched on Tuesday 400 million pounds ($546.56 million) in bonds due in December 2025 at 98 basis points over UK gilts, a document showed.

Barclays, First Abu Dhabi Bank (FAB), HSBC and TD Securities arranged the deal, another document also from one of the banks arranging the deal showed.

FAB had given initial price guidance of around 115 basis points over UK gilts due in September 2025 and received around 850 million pounds in orders for the debt sale, the documents showed. ($1 = 0.7319 pounds)

(Reporting by Yousef Saba; Editing by Alex Richardson) ((Yousef.Saba@thomsonreuters.com; +971562166204))


More From Currencies