Abu Dhabi Commercial Bank launches $750 million five-year notes to yield mid-swaps plus 130 bps

By Rebecca Melvin

New York, March 22 – Abu Dhabi Commercial Bank PJSC has launched $750 million of five-year notes to yield 130 basis points over mid-swaps, according to a syndicate source.

Pricing was tightened from guidance of mid-swaps plus 130 bps to 135 bps and initial price talk of mid-swaps plus 145 bps. The deal was initially talked at $500 million in size.

Barclays, BofA Merrill Lynch, JPMorgan, Mizuho Securities and SMBC Nikko are the joint lead managers for the Regulation S deal.

Roadshow meetings ended on March 19 in London.

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