Discussion to be on issuing bonds under Australian and NZ dollar medium term note programme
National Bank of Abu Dhabi's
board will discuss issuing bonds under its Australian
and New Zealand dollar medium term note programme at its Oct. 26
meeting, the lender said in a statement on Sunday.
An issue under the program was approved in 2007, NBAD said.
Abu Dhabi-controlled NBAD, the UAE's largest bank by market
value, issued a $750 million five-year bond in March which
priced at 178 basis points over midswaps.
Last month, a senior NBAD official said pricing on any new
bond this year would need to be tighter than on its previous