New Issue: Abu Dhabi Commercial Bank sells $750 million 2 5/8% five-year notes at 97.5 bps spread

By Christine Van Dusen

Atlanta, March 3 – Abu Dhabi Commercial Bank PJSC – via ADCB Finance (Cayman) Ltd. – priced $750 million 2 5/8% five-year notes at 99.568 to yield mid-swaps plus 97.5 basis points on Tuesday, a syndicate source said.

The notes were talked at a spread in the 105 bps area.

Barclays, ING, JPMorgan, Mizuho Securities and Wells Fargo were the joint lead managers for the Regulation S deal.

Issuer:	ADCB Finance (Cayman) Ltd.
Amount:	$750 million
Maturity:	March 10, 2020
Description:	Senior notes
Bookrunners:	Barclays, ING, JPMorgan, Mizuho Securities, Wells Fargo
Coupon:	2 5/8%
Price:	99.568
Spread:	Mid-swaps plus 97.5 bps
Trade date:	March 3
Settlement date:	March 10
Distribution:	Regulation S
Price talk:	Mid-swaps plus 105 bps area

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