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NBAD plans to sell 5-year bonds
- United Arab Emirates: Saturday, September 05 - 2009 at 08:57
The National Bank of Abu Dhabi (NBAD) is planning to sell five-year bonds in dollars, Bloomberg has reported, citing a banker involved in the deal. The bond sale will be the first from a UAE-based lender this year. The report further cited that notes may be priced to yield about 190 to 200 basis points more than the benchmark mid-swap rate.
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Medilyn Manibo, Assistant News EditorSaturday, September 05 - 2009 at 08:57 UAE local time (GMT+4)
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