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29 February 2024

ADCB to meet investors for dollar bond

ADCB is planning to meet fixed income investors from Monday for a potential benchmark US dollar Reg S bond offering. (Supplied)

Published
By Reuters

Abu Dhabi Commercial Bank  (ADCB) is planning to meet fixed income investors from Monday for a potential benchmark US dollar Reg S bond offering, a document from the lead managers showed.

Rated A / A+ by Standard & Poor's and Fitch respectively, ADCB will meet investors in Europe, it said, adding an offering will be subject to market conditions.

ADCB, owned 58.1 percent by Abu Dhabi's government, has picked Barclays, ING, J.P. Morgan, Mizuho and Wells Fargo Securities to arrange the investor meetings.

Reg S bond means the issue will be open to overseas investors outside the United States.