Bond Abu Dhabi First Bank 0% ( XS1502188532 ) in USD

Issuer	Abu Dhabi First Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS1502188532 ( in USD )
Interest rate	0%
Maturity	21/10/2046
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Minimal amount	200 000 USD
Total amount	696 000 000 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. First Abu Dhabi Bank (FAB), a leading financial institution headquartered in the United Arab Emirates and recognized as one of the largest banks in the Middle East and North Africa (MENA) region, has issued a notable debt instrument. Established through the merger of National Bank of Abu Dhabi and First Gulf Bank in 2017, FAB operates across a broad spectrum of banking services, including corporate, investment, and retail banking, and maintains a strong credit profile in international markets. This particular bond issuance, identified by the ISIN code XS1502188532, is denominated in US Dollars and represents a substantial total issue size of USD 696,000,000, underscoring a significant capital raise by the issuer from the global markets. This long-term debt security, which originates from the United Arab Emirates, carries a definitive maturity date of October 21, 2046, providing investors with a commitment over more than two decades. A distinctive feature of this bond is its stated interest rate of 0%, classifying it as a zero-coupon bond. This means that unlike traditional coupon bonds, investors in this security do not receive periodic interest payments throughout its life. Instead, the return for such instruments is typically realized through capital appreciation, where the bond is acquired at a discount to its face value and redeemed at par upon maturity. However, the current market price for this specific bond is indicated at 100% of its face value, suggesting that, if purchased at this price and held until its 2046 maturity, the yield derived from capital appreciation would be contingent on its redemption value relative to its current par trading price. Although a payment frequency of 2 is specified, for a zero-coupon bond, this does not relate to semi-annual interest disbursements, as no such coupons are paid. The minimum purchase size for this bond is set at USD 200,000, targeting institutional investors or high-net-worth individuals.