ADCB looks for six year at 20bp NIP

By Francesca Young
21 Sep 2015

Abi Dhabi Commercial Bank has released initial price thoughts equating to a 20bp new issue premium for its bond deal, according to a lead.

The initial price guidance on the six year bond was put out at 155bp over mid-swaps on Monday morning. 

ADCB has 2020s that were trading around 129bp over swaps before the announcement of this new note, according to the banker.

“There’s around 5bp-10bp of curve extension, ...

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