Thursday 26 April 2012

Abu Dhabi's ADCB issues $101 mln ringgit bond - IFR | Agricultural Commodities | Reuters

Abu Dhabi Commercial Bank priced a 310 million Malaysian ringgit ($101.35 million) bond on Thursday, its third such sale in two years, as the emirate's third-largest lender by market value seeks diversified funding means.

The five-year deal carries a coupon of 4.30 percent, and Standard Chartered acted as sole bookrunner, IFR Markets, a Thomson Reuters unit reported.

ADCB issued its first ringgit bond two years ago. That bond, maturing in 2015, carried a coupon of 5.2 percent.

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