Bond Abu Dhabi First Bank 0% ( XS2034323993 ) in AUD

Issuer	Abu Dhabi First Bank
Market price	100 % ⇌
Country	United Arab Emirates
ISIN code	XS2034323993 ( in AUD )
Interest rate	0%
Maturity	26/07/2029
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Minimal amount	250 000 AUD
Total amount	30 000 000 AUD
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 debt instrument identified by ISIN XS2034323993 has been issued by First Abu Dhabi Bank (FAB), the largest financial institution in the United Arab Emirates. As a prominent pillar of the UAE's banking and financial sector, First Abu Dhabi Bank was established in 2017 following the merger of National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB), creating a powerhouse financial entity recognized for its significant asset base and market capitalization across the Middle East and North Africa (MENA) region. Headquartered in Abu Dhabi, FAB operates with a robust global footprint, extending its comprehensive suite of corporate, retail, and investment banking services across five continents, catering to a diverse clientele including governments, large corporations, small and medium-sized enterprises, and individual customers. This particular bond, issued out of the United Arab Emirates, is denominated in Australian Dollars (AUD) and currently trades at a market price of 100% of its par value. It features a stated interest rate of 0% with an annual payment frequency. The total size of this bond issue is AUD 30,000,000, with a minimum purchase requirement set at AUD 250,000. The maturity date for this bond is July 26, 2029.