Published on 2/24/2014 in the Prospect News Emerging Markets Daily.
New Issue: Abu Dhabi Commercial Bank's $750 million 3% five-year notes yield mid-swaps plus 140 bps
By Christine Van Dusen
Atlanta, Feb. 24 - Abu Dhabi Commercial Bank PJSC sold $750 million 3% five-year notes at 99.765 to yield mid-swaps pus 140 basis points, a syndicate source said.
The notes priced at the tight end of talk, set at mid-swaps plus 140 bps to 145 bps.
BofA Merrill Lynch, Barclays, ING and JPMorgan are the bookrunners for the Regulation S deal.
| Issuer: | Abu Dhabi Commercial Bank PJSC
|
| Amount: | $750 million
|
| Maturity: | March 4, 2019
|
| Description: | Notes
|
| Bookrunners: | BofA Merrill Lynch, Barclays, ING, JPMorgan
|
| Coupon: | 3%
|
| Price: | 99.765
|
| Spread: | Mid-swaps 140 bps
|
| Trade date: | Feb. 24
|
| Settlement date: | March 4
|
| Distribution: | Regulation S
|
| Price talk: | Mid-swaps plus 140 bps to 145 bps
|
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