Abu Dhabi Commercial Bank launches CHF 150 million 10-year bonds

By Aleesia Forni

Virginia Beach, Va., May 16 - Abu Dhabi Commercial Bank PJSC launched on Thursday a CHF 150 million offering of 1 7/8% 10-year bonds in the area of mid-swaps plus 150 basis points, according to a market source.

Barclays and RBS are the bookrunners for the deal.

Abu Dhabi Commercial Bank was last in the market with a $1.5 billion issue of five- and 10-year notes, which priced on Feb. 26.

The $750 million 2½% notes due 2018 priced at 99.636 to yield 2.578%, and the $750 million 4½% notes due 2023 priced at 99.127 to yield 4.61%.

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