FAB makes sterling swoop as investors rush for EM exposure
First Abu Dhabi Bank capped a productive week for both itself and GCC issuers on Wednesday as it sold a £450m three year bond to sterling investors who were raring to diversify their holdings.
Aa3/AA-/AA- rated FAB represented a rare opportunity for sterling accounts to add Gulf financial institution exposure to their portfolios. The trade came in the same week that the UAE bank sold an A$350m ($235m) five year in the Kangaroo market.“FAB is ...
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