For full coverage of Middle East business events, see MEED NBK Capital said on 29 December that it had upgraded its recommendation for shares in National Bank of Abu Dhabi (NBAD) to buy from hold despite cutting their fair value…
Tag: NBAD
NBAD sells $750 million perpetual bonds
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.…