20 Mar 2017
(MENAFN) Abu Dhabi Commercial Bank, the emirate’s second largest bank by assets, issued USD230mn amid the sale of a five-year Formosa bond.
Recently, two other Gulf banks have made similar forays into the Formosa market in the past year as they aim to spread their funding sources.
Earlier this quarter, the bank issued almost USD750mn through a five-year Formosa bond, which was placed with institutional investors.
Moreover, Qatar National Bank in July raised USD330mn of five-year Formosa floating-rate notes, two months after issuing three-year floating-rate notes of USD1.1bn.
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08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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