ADCB wins praise for tightly priced Basel-proofed sub, senior
Abu Dhabi Commercial Bank printed its $750m five year senior and $750m 10 year subordinated tier two bonds on Tuesday, winning praise from bankers away from the deal for having crunched the pricing to a tight level while still allowing a stable performance in the secondary market. The subordinated tranche also featured documentation that allows the bond to continue to receive capital treatment if the UAE implements Basel III.
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