Bond Abu Dhabi First Bank 2.835% ( XS1572168489 ) in HKD

Issuer	Abu Dhabi First Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS1572168489 ( in HKD )
Interest rate	2.835% per year ( payment 1 time a year)
Maturity	28/02/2022 - Bond has expired
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Minimal amount	1 000 000 HKD
Total amount	173 000 000 HKD
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. An overview of a recently matured bond issued by First Abu Dhabi Bank (FAB), one of the largest and most influential financial institutions in the United Arab Emirates, reveals key details of the instrument's lifecycle and its successful repayment. First Abu Dhabi Bank, a prominent player in the MENA region's banking sector, provides diverse financial services ranging from retail and corporate banking to investment banking and wealth management, holding a significant position in the global financial landscape. The bond, identified by ISIN XS1572168489, was a Hong Kong Dollar (HKD) denominated obligation originating from the United Arab Emirates. It featured a fixed coupon rate of 2.835% with an annual payment frequency. The total size of this issuance amounted to HKD 173,000,000, with a specified minimum purchase denomination of HKD 1,000,000. This particular bond reached its scheduled maturity date on February 28, 2022. Confirming its full life cycle completion, the bond has been subsequently redeemed and repaid at 100% of its face value, ensuring investors received their principal upon maturity.