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New Issue- ADCB prices dual tranche deal
February 26, 2013 / 3:55 PM / 5 years ago

New Issue- ADCB prices dual tranche deal

Jan 13 (Reuters) -Following are terms and conditions

of a dual tranche deal priced on Tuesday.

Borrower ADCB Finance (Cayman) Limited

Guarantor Abu Dhabi Commercial Bank PJSC

* * * *

Tranche 1

Issue Amount $750 million

Maturity Date March 6, 2018

Coupon 2.5 pct

Reoffer price 99.636

Spread 165 basis points

Underlying govt bond Over Mid-swaps, equivalent to 181.3bp

Over the CT5

ISIN XS0897453907

* * * *

Tranche 2

Issue Amount $750 million

Maturity Date March 6, 2023

Coupon 4.5 pct

Reoffer price 99.127

Spread 265 basis points

Underlying govt bond Over Mid-swaps, equivalent to 273.4bp

Over the CT10

ISIN XS0897453493

* * * *

Common terms

Payment Date March 6, 2013

Lead Manager(s) ADCB, Barclays, ING, JPMorgan, NBAD & RBS

Listing London

Full fees Undisclosed

Denoms (K) 200-1

Notes Launched under issuer’s Global EMTN programme

Security details and RIC, when available, will be

on

Customers can right-click on the code for

performance analysis of this new issue

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