By Christine Van Dusen
Atlanta, Feb. 9 - Abu Dhabi Commercial Bank sold CHF 150 million 3% senior notes due Dec. 8, 2015 at 99.595 to yield 3.095%, or mid-swaps plus 162 basis points, a market source said.
The notes priced in line with talk, which was set at mid-swaps plus 162 bps.
RBS and UBS were the bookrunners for the notes.
Proceeds will be used for debt refinancing and working capital.
| Issuer: | Abu Dhabi Commercial Bank
|
| Amount: | CHF 150 million
|
| Maturity: | Dec. 8, 2015
|
| Description: | Senior notes
|
| Bookrunners: | RBS, UBS
|
| Coupon: | 3%
|
| Price: | 99.595
|
| Yield: | 3.095%
|
| Spread: | Mid-swaps plus 162 bps
|
| Trade date: | Feb. 9
|
| Settlement date: | March 8
|
| Price talk: | Mid-swaps plus 162 bps
|
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