Wednesday 25 April 2018

FGB sets price guidance for 5-year bond

Abu Dhabi, November 9, 2010

Price guidance for the five year benchmark dollar bond issue by Abu Dhabi's First Gulf Bank is at 250 basis points over midswaps, a source at an arranging bank said on Tuesday. The deal is expected to price this week.

FGB hired HSBC, Citi, BNP Paribas, Deutsche Bank and National Bank of Abu Dhabi.

Gulf banks have jumped on the new issue flurry from the region in recent weeks, and Saudi British Bank and Qatar National Bank are also expected to print deals this week.-Reuters

Tags: abu dhabi | First Gulf Bank | benchmark | dollar bond |

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