Monday 09, January 2017 by Jessica Combes

NBAD raised $1.5billion in three months in Formosa bond market

National Bank of Abu Dhabi P.J.S.C. (NBAD) announced the successful placement to institutional investors of a 30-year senior unsecured Formosa bond, for a total nominal amount of $885 million, following NBAD’s inaugural $696 million public Formosa bond in October last year.

This brings the total amount raised by the bank in Taiwan to more than USD 1.5 billion in three months.

These issuances are part of the bank’s ongoing strategy to ensure diversification of funding by accessing new investors in new geographies 

NBAD is very pleased with the successful outcome of this transaction, which has again highlighted the confidence from the Taiwanese investor base in the merger of FGB and NBAD. This transaction also highlights the efforts that NBAD has put into establishing a global debt platform, and re-enforces our position as the most innovative issuer from the Region,” said Stephen Jordan, NBAD’s Group Treasurer. 

HSBC Bank acted as lead manager and book runner, Standard Chartered Bank and Crédit Agricole as managers and book runners, with Bank SinoPac as co-manager. Société Générale and NBAD acted as joint structuring agents.



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