Abu Dhabi Commercial Bank aims to price a benchmark-sized five-year bond on Monday after releasing initial price guidance for the dollar-denominated trade, a document from lead arrangers said.
The transaction, for which books have
Deutsche Bank and Abu Dhabi Commercial Bank (ADCB) have signed a Memorandum of Understanding to use Deutsche Bank’s Autobahn App Market, the first App-based electronic offering for clients in the financial industry.
Abu Dhabi Commercial Bank will sell $300 million in a subordinated bond on Wednesday, according to the deal arranger, just over two months after its last debt markets outing.
The lender had aimed to issue a benchmark-sized subordi
Abu Dhabi Commercial Bank (ADCB) has announced the implementation of a cash management program with Palm Utilities, a Dubai World Company established in 2007 to provide top utility solutions.
The cash management solution is in lin
Abu Dhabi Commercial Bank (ADCB) posted a net profit of 903 million dirhams ($245.8 million) in the three months to March 31, up from 861 million dirhams in the prior-year period, marking a 5 percent rise.
Four analysts polled by Reuter
Abu Dhabi Commercial Bank (ADCB) has released early price guidance for a two-part bond offering, arranging banks said on Monday, with final pricing expected this week.
Guidance for a benchmark-sized 5-year senior unsecured bond wa
Abu Dhabi Commercial Bank (ADCB), the UAE's third-largest lender by market value, plans to begin investor meetings ahead of a potential dollar-denominated bond on February 18, said the arranging banks.
The UAE lender said earl
Abu Dhabi Commercial Bank reported a 32 per cent jump in quarterly net profit on Wednesday, beating analysts' expectations, as the bank made fewer provisions and non-interest income grew.
The UAE’s third largest lender b
Abu Dhabi Commercial Bank (ADCB) has announced that its Group Business Services division has achieved ISO 9001:2008 certification as recognition of the quality management system standard of the bank.
ISO 9001 certification benchma