Published on 4/11/2013 in the Prospect News Emerging Markets Daily.
New Issue: Abu Dhabi's First Gulf Bank sells CHF 100 million two-year notes at 60 bps over Libor
By Christine Van Dusen
Atlanta, April 11 - Abu Dhabi's First Gulf Bank PJSC sold CHF 100 million two-year notes (A2) at par to yield Libor plus 60 basis points, a market source said.
Deutsche Bank was the bookrunner for the transaction.
Issuer: | First Gulf Bank PJSC
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Amount: | CHF 100 million
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Maturity: | April 23, 2015
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Description: | Notes
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Bookrunner: | Deutsche Bank
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Coupon: | Libor plus 60 bps
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Price: | Par
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Spread: | Libor plus 60 bps
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Trade date: | April 11
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Settlement date: | April 23
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Rating: | Moody's: A2
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