National Bank of Fujairah PJSC issued $350 million in Additional Tier 1 bonds, marking its first offering in the international capital market.
The perpetual, non-callable five-year bond with a 5.875% coupon was more than 4x oversubscribed, attracting orders of more than $1.5 billion, the United Arab Emirates-based lender said Sept. 25.
HSBC served as the structuring agent on the offering while Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan and Standard Chartered Bank acted as joint lead managers and book runners.
