By Marisa Wong
Los Angeles, March 15 – First Abu Dhabi Bank PJSC priced $20 million of 0.83% senior notes due March 2024 (expected: AA-) at par, according to term sheet.
Merrill Lynch International is the dealer for the Regulation S offering.
The series 106 notes will be issued under the bank’s $15 billion euro medium-term note program.
The notes are non-callable.
First Abu Dhabi Bank is a lender operating in the United Arab Emirates.
| Issuer: | First Abu Dhabi Bank PJSC
|
| Description: | Senior notes, series 106
|
| Amount: | $20 million
|
| Maturity: | March 15, 2024
|
| Dealer: | Merrill Lynch International
|
| Coupon: | 0.83%
|
| Price: | Par
|
| Yield: | 0.83%
|
| Call option: | No
|
| Put option: | No
|
| Pricing date: | March 11
|
| Issue date: | March 15
|
| Listing: | London Stock Exchange
|
| Expected rating: | S&P: AA-
|
| Distribution: | Regulation S
|
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