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First Abu Dhabi Bank issues $500M in international bonds

First Abu Dhabi Bank PJSC issued international bonds totaling $500 million, Cbonds reported.

The notes, which mature Jan. 21, 2025, carry a coupon of 2.5%. The bonds were sold at a price of 99.879%.

Dubai Islamic Bank, Emirates NBD, First Abu Dhabi Bank, Islamic Corporation for the Development of the Private Sector, KAMCO, KFH Capital Investment Co., Sharjah Islamic Bank, Standard Chartered Bank and NCBC acted as book runners on the deal.