First Abu Dhabi Bank, the largest bank in the United Arab Emirates and one of the largest and safest financial institutions in the world, has issued additional tier 1 capital bonds at a fixed price of $ 750 million for a period of six years.
Despite the volatile conditions and the great challenges in the global financial markets, First Abu Dhabi Bank attracted more than $ 1.5 billion in requests from more than 115 high-quality investors, which enabled the bank to issue the required amount of $ 750 million at a price of 4.5%, which makes it the return. The least amount of additional tier 1 equity capital bonds denominated in US dollars across the Middle East and North Africa region.
In this context, Rola Al-Kady, Group Chief Financial Officer at First Abu Dhabi Bank, said: “We are pleased with the success achieved by issuing these bonds. Investors, it is an excellent result that reflects the strong credit foundations of First Abu Dhabi Bank and investor confidence in it. ”
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