National Bank of Abu Dhabi PJSC, the United Arab Emirates’ second-biggest bank, will raise $750 million from a sale of dollar bonds, according to three people familiar with the plan.
Several Abu Dhabi-based banks have sold bonds over the past few months. First Gulf Bank PJSC (FGB), owned by Abu Dhabi’s ruling family, raised $500 million from the sale of five-year Islamic bonds in January. Abu Dhabi Islamic Bank (ADIB) PJSC, the emirate’s biggest Shariah-compliant lender, also sold $500 million of five-year sukuk in November, while Union National Bank PJSC raised $400 million from five-year bonds that month………………………………………..Full Article: Source