First Abu Dhabi Bank has appointed Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, JP Morgan and Standard Chartered as Joint Lead Managers and Bookrunners for the issuance.
LocateFirst Abu Dhabi BankThe indicative price for the sale of the second-tier securities is $750 million, a document showed on Tuesday.
The document stated that the bank set the indicative price at 185 basis points above US Treasury bonds, for ten-and-a-half-year bonds that are not redeemable before five-and-a-half years.
The document added that the bank appointed Deutsche Bank. Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan and Standard Chartered as Joint Lead Managers and Bookrunners for the issuance.
