FAB slashes spread after three week wait

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Emerging Markets
EM Middle East

FAB slashes spread after three week wait

Virginia Furness
February 26, 2018 11:00 am
Abu Dhabi_ Adobe Stock_ 230x150
Skyscrapers in Abu Dhabi, United Arab Emirates | Oleg Zhukov/Oleg Zhukov - stock.adobe.com

After a three week wait, First Abu Dhabi Bank has deemed the market constructive enough to open books on its new five year sukuk, and had crushed the spread to 4bp over its existing bonds on Monday.

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Topics

Standard CharteredUnited Arab EmiratesMiddle EastCitiEmerging MarketsEMEAFIGEM Middle EastGCCMiddle East Bonds
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Virginia Furness
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