New Issue: National Bank of Abu Dhabi prices $850 million 4½% notes at Treasuries plus 228 bps

By Paul A. Harris

St. Louis, Sept. 3 - The National Bank of Abu Dhabi priced $850 million of 4½% five-year senior unsecured notes (Aa3/A+/AA-) to yield 228 bps over Treasuries, according to market sources.

The notes came at a reoffer price of 99.717 to yield 4.564%.

Barclays Capital, BNP Paribas, National Bank of Abu Dhabi and RBS AG led the Regulation S deal.

Issuer:	National Bank of Abu Dhabi
Amount:	$850 million
Maturity:	Sept. 11, 2014
Security description:	Senior unsecured notes
Bookrunners:	Barclays Capital, BNP Paribas, National Bank of Abu Dhabi, RBS AG
Coupon:	4½%
Price:	99.717
Yield:	4.564%
Spread:	Treasuries plus 228 bps
Trade date:	Sept. 3
Settlement date:	Sept. 11
Ratings:	Moody's: Aa3
	Standard & Poor's: A+
	Fitch: AA-
Distribution:	Regulation S

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