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.
This financial article provides a retrospective overview of a successfully matured fixed-income instrument, specifically a bond identified by ISIN code XS1587035996. The issuer of this bond was First Abu Dhabi Bank (FAB), a prominent financial institution based in the United Arab Emirates, recognized as one of the nation's largest banks and a key player in the MENA region's banking sector, offering a wide range of corporate, retail, and investment banking services. Issued from the United Arab Emirates, this particular bond was denominated in US Dollars (USD) and carried a fixed annual interest rate of 3%, disbursed semi-annually. The total initial issue size for this instrument amounted to 587,000,000 USD, with a specified minimum purchase size of 200,000 USD, catering primarily to institutional or high-net-worth investors. The bond reached its scheduled maturity date on March 30, 2022, and was consequently redeemed at its par value, reflecting the full repayment of principal to bondholders.
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United Arab Emirates
XS1587035996 ( in USD )
