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Published on 12/20/2011 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

National Bank of Abu Dhabi buys back AED 24.5 million convertibles

By Tali David

Minneapolis, Dec. 20 - The National Bank of Abu Dhabi repurchased AED 24.5 million of NBAD 2018 subordinate convertible notes during the months of November and December, according to a filing with the London Stock Exchange.

The outstanding balance of the notes was reduced to AED 1.04 billion.

The National Bank of Abu Dhabi is a lender.


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