VOL. XLIII

No. 22

29-May-2000

UAE

NBAD Launches Abbey National Dh400Mn Bond

The National Bank of Abu Dhabi (NBAD) launched its second dirham-denominated bond for an international corporate on 22 May for the UKs Abbey National mortgage bank. The Dh400mn ($108.9mn), five-year instrument carries an interest rate of 45bps over three-month Libor and is available in tranches of Dh25,000 ($6,806), which is also the minimum subscription level. The offer will be open to both UAE nationals and expatriates...