New Issue: National Bank of Abu Dhabi prices $750 million seven-year notes at 180 bps spread

By Christine Van Dusen

Atlanta, Aug. 6 - National Bank of Abu Dhabi priced a $750 million issue of 3% notes due Aug. 13, 2019 (Aa3/A+/AA-) at 99.731 to yield mid-swaps plus 180 basis points, a market source said.

The notes priced tighter than talk, set at the mid-swaps plus 200 bps area.

Citigroup, JPMorgan, Standard Chartered and National Bank of Abu Dhabi were the bookrunners for the Regulation S-only deal.

Issuer:	National Bank of Abu Dhabi
Amount:	$750 million
Maturity:	Aug. 13, 2019
Description:	Senior notes
Bookrunners:	Citigroup, JPMorgan, Standard Chartered, National Bank of Abu Dhabi
Coupon:	3%
Price:	99.731
Spread:	Mid-swaps plus 180 bps
Trade date:	Aug. 6
Settlement date:	Aug. 13
Ratings:	Moody's: Aa3
	Standard & Poor's: A+
	Fitch: AA-
Distribution:	Regulation S only
Price talk:	Mid-swaps plus 200 bps area

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