By Marisa Wong
Los Angeles, July 15 – First Abu Dhabi Bank PJSC priced RMB 189 million of 3˝% series 86 senior notes due 2025 at par, according to term sheet.
The bank also priced HK$180 million of 1.815% series 88 senior notes due 2025 at par, according to a separate term sheet.
Credit Agricole CIB is the dealer for the offshore renminbi-denominated notes. HSBC Bank plc is the dealer for the Hong Kong dollar-denominated notes.
Both series of unrated Regulation S notes will be issued under the bank’s $15 billion euro medium-term note program.
The notes are non-callable.
First Abu Dhabi Bank is a lender operating in the United Arab Emirates.
| Issuer: | First Abu Dhabi Bank PJSC
|
| Description: | Senior fixed-rate notes
|
| Call option: | Non-callable
|
| Pricing date: | July 13
|
| Issue date: | July 15
|
| Listing: | London Stock Exchange
|
| Distribution: | Regulation S
|
|
|
| Series 86 notes
|
| Amount: | RMB 189 million (offshore renminbi)
|
| Maturity: | July 15, 2025
|
| Dealer: | Credit Agricole CIB
|
| Coupon: | 3˝%
|
| Price: | Par
|
| Yield: | 3˝%
|
|
|
| Series 88 notes
|
| Amount: | HK$180 million
|
| Maturity: | July 15, 2025
|
| Dealer: | HSBC Bank plc
|
| Coupon: | 1.815%
|
| Price: | Par
|
| Yield: | 1.815%
|
|
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