Chicago, Feb. 28 – First Abu Dhabi Bank PJSC issued $850 million of 5% senior notes due 2029 (Aa3/AA-/AA-), according to an offering document and additional information from a market source.
The series 147 notes priced at 99.259 to yield 5.17%.
The notes priced at Treasuries plus 90 basis points. Initial talk was in the 120 bps area.
The Regulation S deal was managed by Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, HSBC Bank plc, Industrial and Commercial Bank of China Ltd., Dubai (DIFC) Branch, Societe Generale and Standard Chartered Bank.
Books were around $2.1 billion.
First Abu Dhabi Bank is a lender operating in the United Arab Emirates.
| Issuer: | First Abu Dhabi Bank PJSC
|
| Amount: | $850 million
|
| Issue: | Senior notes
|
| Maturity: | Feb. 28, 2029
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| Bookrunners: | Citigroup Global Markets Ltd., First Abu Dhabi Bank PJSC, HSBC Bank plc, Industrial and Commercial Bank of China Ltd., Dubai (DIFC) Branch, Societe Generale and Standard Chartered Bank
|
| Coupon: | 5%
|
| Price: | 99.259
|
| Yield: | 5.17%
|
| Spread: | Treasuries plus 90 bps
|
| Trade date: | Feb. 21
|
| Settlement date: | Feb. 28
|
| Ratings: | Moody’s: Aa3
|
| S&P: AA-
|
| Fitch: AA-
|
| Distribution: | Regulation S
|
| Price talk: | Treasuries plus 120 bps area
|
| ISIN: | XS2765576538
|
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