Abu Dhabi-listed First Gulf Bank FGB.AD launched a $650 million five-year bond on Monday, the first major Gulf borrower to issue since the traditional summer lull, taking advantage of healthy investor demand for regional debt.
The bond launched at a spread of 210 basis points over midswaps, at the tighter end of final guidance released earlier in the day, indicating appetite for the lender’s new issue was strong………………………………………..Full Article: Source