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Abu Dhabi NBAD prices $750 mln bond on strong demand

Posted on 07 August 2012

National Bank of Abu Dhabi, the biggest lender in the U.A.E. by market value, has priced a seven-year, $750 million bond to yield 3.043%, after receiving strong demand, a banker aware of the deal said Monday.
The bond carries a coupon of 3%, and the spread of 180 basis points over midswaps is tighter than the initial price guidance of about 200 basis points over midswaps, reflecting strong demand, the banker, who declined to be identified, told Zawya Dow Jones………………………………………..Full Article: Source

 
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