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The National Bank of Abu Dhabi Launches First Kangaroo Bonds
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, closed its inaugural Kangaroo bond with a coupon rate of 5% and face value of AU$300 million (US$308 Million; AED1.131 Billion). The final order book was more than four times oversubscribed. “The launch of this landmark…
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