National Bank of Abu Dhabi’s (NBAD’s) inaugural dollar-denominated Tier 1 offering – a $750 million perpetual bond — was priced on 10 June.
The bonds mature in five-years. They are rated at Baa3/BBB- by Moody’s and Standard & Poor’s respectively. Citigroup, HSBC, Morgan Stanley, Societe Generale and NBAD’s investment banking arm are arrangers of the bond transaction.
Societe Generale was joint lead manager and bookrunner for the deal.