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National Bank of Abu Dhabi raises US$621 mln via Formosa bond

National Bank of Abu Dhabi said on Sunday it had raised US$621 million by placing a 30-year unsecured, zero-coupon, callable Formosa bond issue with institutional investors. The size was increased from an initial targeted benchmark of $250 million to $300 million after strong investor interest, it said. Credit Agricole and…

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