| From Thenational.ae: In early February, the head of National Bank of Abu Dhabi (NBAD) was adamant that the bank was in no rush to tap the markets. With Greece’s debt troubles topping the daily news and talk about a 40 per cent haircut for Dubai World creditors, his attitude made perfect sense.
“We don’t have our back against the wall,” Michael Tomalin, the chief executive of NBAD, said at the time. “We are not obliged, but if we do [issue bonds], it will give us more flexibility.”............................................Full Article: Source
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