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2023-11-20 09:31:29
Abu Dhabi Commercial Bank, the third largest bank in the UAE, set an initial indicative price at regarding 8.625 percent for non-callable perpetual bonds for a period of 5.5 years, according to a document from one of the banks organizing the offering, which Archyde.com saw on Monday.
The document showed that the bank plans to issue a capital instrument by selling additional dollar-denominated Tier 1 bonds of a record size, which are expected to be priced later today.
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