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ItalianoBond Abu Dhabi First Bank 1% ( XS0938970562 ) in USD
| Issuer | Abu Dhabi First Bank |
| Market price | 100 % ⇌ |
| Country |  United Arab Emirates
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| ISIN code |
 XS0938970562 ( in USD )
|
| Interest rate | 1% per year ( payment 2 times a year) |
| Maturity | 12/03/2018 - Bond has expired |
|
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible |
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| Minimal amount | 200 000 USD |
| Total amount | 500 000 000 USD |
| Detailed description |
First Abu Dhabi Bank (FAB) is a leading universal bank in the UAE, offering a wide range of financial services including corporate and investment banking, retail banking, and wealth management. A detailed review of the bond identified by ISIN XS0938970562, an obligation issued by First Abu Dhabi Bank (FAB), one of the largest and most influential financial institutions in the United Arab Emirates, formed through the significant merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), reveals its past financial characteristics and current status: this USD-denominated bond, initially launched with a total issuance size of $500,000,000 and a minimum purchase threshold of $200,000, offered an annual interest rate of 1% with semi-annual payments and was observed trading at 100% of its face value prior to its official maturity and subsequent full repayment on March 12, 2018, thereby concluding its lifecycle. |