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NBAD mulling $500m bond issuance
- United Arab Emirates: Thursday, January 31 - 2013 at 01:22
The National Bank of Abu Dhabi is considering issuing a convertible bond of up to $500m, as it increases the size of existing bond programmes in dollars, ringgit and yen, Zawya Dow Jones has reported. NBAD is also looking to increase the size of an existing euro medium-term note programme from $5bn to $7.5bn, it said. The lender said it will review the bond sale at a shareholders' meeting on March 12.
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