Buyers flock to park cash in FAB $1.1bn FRN
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Emerging MarketsEM Middle East

Buyers flock to park cash in FAB $1.1bn FRN

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First Abu Dhabi Bank printed a rare three year floating rate note on Tuesday inside its fixed rate curve. Investors flocked to the deal as a “risk-free” way to park cash, according to a syndicate official on the deal.

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