Published on 2/20/2007 in the Prospect News Emerging Markets Daily.
New Issue: National Bank of Abu Dhabi sells £350 million five-year notes
By Reshmi Basu
New York, Feb. 20 - National Bank of Abu Dhabi placed a £350 million offering of five-year notes (Aa3/A/A+) at 99.97 to yield 66 basis points more than Gilts, according to a market source.
Barclays Capital and the Royal Bank of Scotland were the bookrunners for the deal, which was issued under the bank's euro medium-term note program.
The issuer is a commercial bank based in Abu Dhabi, United Arab Emirates.
| Issuer: | National Bank of Abu Dhabi
|
| Amount: | £350 million
|
| Issue: | Notes
|
| Maturity: | Feb. 27, 2012
|
| Coupon: | 5 7/8%
|
| Issue price: | 99.97
|
| Spread: | 66 basis points more than Gilts
|
| Pricing date: | Feb. 20
|
| Settlement date: | Feb. 27
|
| Bookrunners: | Barclays Capital, Royal Bank of Scotland
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A
|
| Fitch: A+
|
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