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.
1700475737
#Abu #Dhabi #Commercial #Bank #begins #selling #additional #Tier #bonds
