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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves, New Launches more

ADCB sets guidance for 1st tranche of bonds

Posted on 02 October 2009

From Arabfinance.com: Abu Dhabi Commercial Bank, the United Arab Emirates’ third-largest lender by assets, has set price guidance for the first tranche of its $7.5 billion bond programme, an executive said on Thursday.

“It (the guidance) has been priced at 262.5 basis points over U.S. treasuries,” the ADCB executive, who did not wish to be identified, told Reuters………………Full Article: Source

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