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ItalianoBond Abu Dhabi Commerce Bank 0% ( XS2107561834 ) in USD
| Issuer | Abu Dhabi Commerce Bank | ||
| Market price |  100 % ⇌ |
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| Country |  United Arab Emirates
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| ISIN code |
 XS2107561834 ( in USD )
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| Interest rate | 0% | ||
| Maturity | 31/01/2060 | ||
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| Minimal amount | 1 000 000 USD | ||
| Total amount | 20 000 000 USD | ||
| Detailed description |
Abu Dhabi Commercial Bank (ADCB) is a major commercial bank in the United Arab Emirates, offering a wide range of financial services including retail banking, corporate banking, investment banking, and wealth management to both individuals and corporations. Abu Dhabi Commercial Bank (ADCB), a leading financial institution within the United Arab Emirates and one of the largest banks in the region known for its extensive retail, commercial, and investment banking services, has issued a distinctive long-term zero-coupon bond. This bond, identified by the ISIN XS2107561834, is denominated in US Dollars and is currently trading at par, reflecting a market price of 100%. As a zero-coupon instrument, it carries a stated interest rate of 0%, implying that investors will not receive periodic interest payments but instead anticipate the full principal repayment at its distant maturity date of January 31, 2060. The issuance, originating from the United Arab Emirates, has a total size of 20,000,000 USD, with a minimum investment threshold set at 1,000,000 USD, making it primarily suited for institutional investors seeking long-duration assets with a single principal payment upon its lengthy term. |
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