New Issue: First Gulf Bank sells $650 million 2.862% notes due 2017 at mid-swaps plus 210 bps

By Christine Van Dusen

Atlanta, Oct. 1 - Abu Dhabi's First Gulf Bank PJSC priced $650 million five-year notes (A2//A+) at par to yield 2.862%, or mid-swaps plus 210 basis points, a market source said.

Citigroup, Deutsche Bank, HSBC, National Bank of Abu Dhabi and Standard Chartered were the bookrunners for the Regulation S deal.

First Gulf Bank is a lender based in Abu Dhabi.

Issuer:	First Gulf Bank PJSC
Amount:	$650 million
Maturity:	Oct. 9, 2017
Description:	Senior notes
Bookrunners:	Citigroup, Deutsche Bank, HSBC, National Bank of Abu Dhabi, Standard Chartered
Coupon:	2.862%
Price:	Par
Yield:	2.862%
Spread:	Mid-swaps plus 210 bps
Trade date:	Oct. 1
Settlement date:	Oct. 9
Ratings:	Moody's: A2
	Fitch: A+
Distribution:	Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.