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Islamic Finance Briefing - Categorized | Banking, Performance more

NBAD’s fixed-rate notes wins Deal of the Year Award

Posted on 05 February 2010

From Ameinfo.com: The National Bank of Abu Dhabi (NBAD) won the Deal of the Year Award from EuroWeek for its $850m fixed-rate notes launched last year.
The five-year Medium Term Note launched under NBAD’s European Medium Term Note (EMTN) programme represented the first US dollar-denominated international public transaction by a GCC Financial Institution since 2007, which has successfully established a benchmark and a new pricing reference for GCC financial institutions, diversified its investor base, and lengthened the average maturity of its funding…………………………………Full Article: Source

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