UAE’s FAB issues 1.5 billion yuan five-year bond

DUBAI: First Abu Dhabi Bank, UAE‘s biggest lender, said on Tuesday it has issued a 1.5 billion yuan ($232.05 million) five-year bond at 3.15%, the year’s first yuan debt in the Formosa bond market.

The majority of investors comprised both onshore Taiwanese and Asian investors, and was well diversified amongst life insurers, banks, fund managers and securities houses, it said in a statement.