Home Industry Finance UAE Lender NBAD Launches $750m Five-Year Bond Investor orders grew to over $1 billion, the leads said. by Reuters February 4, 2015 National Bank of Abu Dhabi has launched a $750 million five-year bond offering that will price later on Wednesday, a document from lead managers said. The lender, owned 70 per cent by the government of Abu Dhabi, set the transaction to price at a spread of 85 basis points over mid-swaps, a document from lead arrangers said, tighter than the 90 bps area that was given earlier in the day. Investor orders grew to over $1 billion, the leads said in a separate update. NBAD had started roadshows on Tuesday in Asia and Europe after mandating Citigroup, HSBC, Standard Chartered and itself to arrange the investor meetings. The bond, rated AA- by Standard and Poor’s and Fitch, will be listed on the London Stock Exchange. 0 Comments