Abu Dhabi-based bank issued a five-year Australian dollar-denominated bond
UAEs First Gulf Bank (FGB) based in Abu Dhabi has issued a $AUS250m ($228.35m) bond, maturing on 1 April 2019.
The five-year bond, which was rated A+ by Fitch Ratings and A2 by Moodys, was priced at 5 per cent, 155 basis points above interpolated midswaps (bps).
It represents the FGBs first bond issuance in Australian dollars.
The transaction was jointly led by ANZ (Australia/ New Zealand), HSBC (UK) and Nomura (Japan). The proceeds will be used for general funding purposes.
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