National Bank of Abu Dhabi prices $545m CB
Credit Suisse and Morgan Stanley yesterday priced a $544.7m convertible bond for National Bank of Abu Dhabi. The shares of the bank that underlie the paper are listed on the Abu Dhabi Securities Market. The 10 year floating rate note was priced at a conversion premium of 30%. It pays a coupon of 25bp below the Emirates Interbank Offered Rate (Eibor).
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