Abu Dhabi Commercial Bank, the third largest bank in the UAE, has set an initial guidance price of around 8.625% for its 5.5-year non-callable perpetual bonds, according to a document from one of the managing banks for the offering seen by Reuters on Monday. The document indicated that the bank plans to issue a capital instrument by selling additional dollar-denominated Tier 1 bonds of a benchmark size, which is expected to be priced later today.
# Abu Dhabi Commercial Bank Begins Selling Additional Bonds
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