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First Gulf Bank delays bond offer on higher rates

Posted on 12 November 2010

From Arabianbusiness.com: First Gulf Bank, the third- largest lender in Abu Dhabi, will delay a plan to sell bonds because interest rates aren’t favourable, said a spokesman at the bank.
First Gulf doesn’t need to borrow funds immediately and will monitor market conditions before selling debt, said the spokesman who declined to be identified, citing company policy……………………………………….Full Article: Source

 
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