Banking & Finance
FAB issues largest Chinese Yuan denominated dual-listed Formosa bond globally

(WAM) — First Abu Dhabi Bank, FAB, recently announced the issuance of the largest-ever Chinese Yuan (CNH) denominated dual-listed Formosa bond globally, with a CNH 3.25bn five-year issuance.
Despite the GCC-wide public holiday, FAB was able to attract a high quality international orderbook of more than CNH 3.6bn, which enabled it to upsize its target issuance from CNH 1bn to a record-breaking CNH 3.25bn.
The dual-listing ensured FAB got maximum demand from onshore Taiwan as well as from the rest of Asia. FAB has been a regular issuer in the Formosa market and is a well-known name in the CNH market, having raised CNH 1.4bn in June via a similar offering.
The deal was a significant success on multiple fronts, eclipsing the previous largest issuance (CNH 2.675bn by Credit Agricole in 2016) and also pricing very competitively at 3.4% in CNH, which swapped back to well inside FAB’s USD curve.
Rula Al Qadi, Head of Group Funding at FAB, said, “The deal exceeded our expectations in terms of size and reflects Asian investors’ strong faith in FAB’s credit fundamentals and Abu Dhabi’s economic strength. Our ability to access niche markets at short notice and to take advantage of opportunistic funding levels gives us a major advantage in funding. The CNH deal swaps back well inside our USD curve for a size of almost USD 464mn equivalent. We are thankful to all the investors who have supported FAB in this deal.”
-
Banking & Finance2 months ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
OER Magazines2 months ago
OER, June 25
-
Energy2 months ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
Technology2 months ago
SPIEF 2025 showcases cutting-edge technologies and digital innovation through its Innovation Space initiative
-
OER Magazines4 weeks ago
OER, July 25
-
Energy2 months ago
The year 2025 is a special year for Oman and Russia as it marks 40 years of diplomatic relations between the two countries says HE Sergey Tsivilyov, Energy Minister of Russia
-
Education2 months ago
Russia offers diverse tourism and education opportunities: Sofia Malyavina
-
Alamaliktistaad Magazines4 weeks ago
Al-Iktisaad, July 25