ADCB follows sukuk with $7.5bn MTN programme

08 Dec 2011

Abu Dhabi Commercial Bank (ADCB) has listed a $7.5bn global medium-term note programme on the London Stock Exchange, which could issue bonds through its ADCB Finance Cayman special purpose vehicle. ADCB said it intends to raise funds "from time to time" for general purposes in any currency it agrees with the relevant dealer.

HSBC and Standard Chartered will be lead arrangers for the programme, with 10 banks — including ADCB itself — acting as dealers. The notes will be guaranteed by ADCB but not the Abu Dhabi government, which owns a majority stake in the bank.

ADCB was one of a flurry ...

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