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Commentary & Deal Flow

EM NEW ISSUE: First Abu Dhabi Bank € bmk Long 3yr Green Sr Unsec; MS+100-105bp

IGC European Market: Deal Flow - General

Issuer

Term

Maturity

Size

Ranking

Type

IPT

ISIN

First Abu Dhabi Bank PJSC

Long 3yr

24-Dec-29

bmk

Sr Unsec

Fixed

MS+100/105

XS3420391628


IPTs: Long 3yr: MS+100-105bp


  • Issuer: First Abu Dhabi Bank PJSC
  • Issuer LEI: 2138002Y3WMK6RZS8H90
  • Issuer Ratings: Aa3/AA-/AA- (Moody's/S&P/Fitch)
  • Expected Issue Ratings: Aa3/AA-/AA- (Moody's/S&P/Fitch)
  • Format: Registered, Regulation S only, Category 2 (issued under US$ 20bn Euro Medium Term Note Programme as supplemented)
  • Status of the Notes: Senior Unsecured
  • Issue size: € Benchmark
  • Tenor: Long 3-year
  • Pricing Date: 18-Jun-26
  • Settlement Date: 24-Jun-26
  • Maturity Date: 24-Dec-29
  • Benchmark: Interpolated Mid Swap Rate
  • IPTs: MS+100-105bp
  • Coupon: TBD (Short first coupon, Fixed rate, Annual Act/Act)
  • Listing: London Stock Exchange
  • Clearing Systems: Euroclear and Clearstream, Luxembourg
  • Stabilization: FCA/ICMA
  • Governing Law: English law
  • Denominations: €100,000 and integral multiples of €1,000 in excess thereof
  • Use of Proceeds: An amount at least equal to the net proceeds will be used to fund or refinance Eligible Projects in the eligible categories identified as "Green" in FAB’s Sustainable Finance Framework
  • ISIN / Common Code: XS3420391628 / 342039162
  • Joint Lead Managers: BBVA, First Abu Dhabi Bank, HSBC, Industrial and Commercial Bank of China, Société Générale and Standard Chartered Bank
  • Billing & Delivery Bank: Standard Chartered Bank
  • Timing: Books open, Today’s Business