United Arab Emirates based Private Bank First Abu Dhabi Bank P.J.S.C. has finalised a private placement in the USD Floating Rate Poon Choi Medium Term Note market. The financing matures in 2028 and was executed by a single dealer.
A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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| Issuer Details | |
| Issuer | First Abu Dhabi Bank P.J.S.C. |
| LEI | 2138002Y3WMK6RZS8H90 |
| Industry | Bank - Private |
| Country | United Arab Emirates |
| Issuer Description | Today, NBAD is the No.1 Bank in UAE, in terms of profitability, total assets and return-on-equity. Headquartered in Abu Dhabi, NBAD has a presence in Egypt, Kuwait, Sudan, Oman, Bahrain, United Kingdom, France and United States of America.Investment banking division earnings were up 621% in the first-half of 2005 over the counter period in 2004. Supported by professional bankers, the Investment banking division is arranged into Treasury, Asset Management, Abu Dhabi Financial Services, Corporate Finance and Investment Marketing.. First Abu Dhabi Bank PJSC provides banking services. The Bank offers deposits, personal loans, e-banking, trade finance, foreign exchange, and other banking services. First Abu Dhabi Bank serves customers worldwide. |
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| Trade Details | |
| Security Type | MTN |
| Amount | USD [Login to see full details] |
| Total Amount including taps | USD [Login to see full details] |
| Structure | Floating Rate |
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| It came at a spread of [Login to see full details] in the Poon Choi bond market. | |
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A Poon Choi bond is an HKD-denominated bond issued by a non-Hong-Kongese entity in the Hong-Kongese Foreign Bond market.
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