By Marisa Wong
Los Angeles, Aug. 11 – First Abu Dhabi Bank PJSC priced $20 million of floating-rate senior notes due 2025 at par, according to an amended term sheet.
The series 90 notes will bear interest at Libor plus 125 basis points.
Mizuho International plc is the dealer for the Regulation S notes.
The unrated notes will be issued under the bank’s $15 billion euro medium-term note program.
The notes are non-callable.
Proceeds will be used for general corporate purposes.
First Abu Dhabi Bank is a lender operating in the United Arab Emirates.
| Issuer: | First Abu Dhabi Bank PJSC
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| Description: | Senior floating-rate notes, series 90
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| Amount: | $20 million
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| Maturity: | Aug. 11, 2025
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| Dealer: | Mizuho International plc
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| Coupon: | Libor plus 125 bps
|
| Price: | Par
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| Yield: | Libor plus 125 bps
|
| Call option: | Non-callable
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| Issue date: | Aug. 11
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| Listing: | London Stock Exchange
|
| Distribution: | Regulation S
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