Sunday, July 22, 2007

National Bank of Abu Dhabi Plans Bonds Denominated in Yen, Ringgit, Dirham

(Bloomberg) -- National Bank of Abu Dhabi PJSC, the
United Arab Emirates' biggest lender by market value, said it may
sell bonds in Japanese yen, Malaysian ringgit and local currency
to diversify its sources of funding.

The bank will hold a board meeting July 25 to discuss sales
of as much as 40 billion yen ($331 million), 3 billion ringgit
($878 million), and 2 billion dirhams ($545 million) of bonds, it
said in a filing with the Abu Dhabi Securities Market today.


Read more at Bloomberg Bonds News

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