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Abu Dhabi Commercial Bank Starts Selling AT1 Bonds – Document
2023-11-21

Abu Dhabi Commercial Bank Starts Selling AT1 Bonds – Document

The UAE's third-largest lender Abu Dhabi Commercial Bank has given initial price guidance of around 8.625% for its perpetual non-call 5.5-year bonds, according to an arranging bank document seen by Reuters on Monday.

The lender is planning to issue benchmark sized dollar-denominated Additional Tier 1 capital instrument, which is expected to be priced later in the day, The document said.
Source: ZAWYA