UAE

摘要

FIRST ABU DHABIU BANK made it five deals already this year in the international bond markets on Tuesday, each time accessing a different currency. It was the turn of the euro market with this latest financing after the bank had issued in US dollars, Swiss francs, renminbi and sterling. FAB (Aa3/AA-/AA-) priced €750m of five-year notes at 55bp over swaps, which was 20bp inside initial levels. Leads said the final spread meant the bonds were priced inside FAB's US dollar curve after adjusting for the cross-currency swap.