New Issue: First Gulf Bank sells CHF 200 million 5/8% notes due 2020 at mid-swaps plus 56 bps

By Christine Van Dusen

Atlanta, May 5 – Abu Dhabi’s First Gulf Bank PJSC priced CHF 200 million 5/8% five-year notes (A2/A+) at 100.359 to yield mid-swaps plus 56 basis points on Tuesday, a market source said.

UBS was the bookrunner for the Regulation S deal.

Issuer:	First Gulf Bank PJSC
Amount:	CHF 200 million
Maturity:	May 27, 2020
Description:	Senior notes
Bookrunners:	UBS
Coupon:	5/8%
Price:	100.359
Spread:	Mid-swaps plus 56 bps
Trade date:	May 5
Settlement date:	May 27
Ratings:	Moody’s: A2
	Fitch: A+
Distribution:	Regulation S

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