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MarketScreener Homepage  >  Equities  >  Abu Dhabi Securities Exchange  >  First Abu Dhabi Bank P.J.S.C.    FAB   AEN000101016

FIRST ABU DHABI BANK P.J.S.C.

(FAB)
  Report
End-of-day quote. End-of-day quote Abu Dhabi Securities Exchange - 01/21
14.94 AED   -0.80%
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First Abu Dhabi Bank P J S C : sells 3.6 billion Chinese yuan five-year Formosa bonds

08/04/2020 | 06:54am EST

First Abu Dhabi Bank, the UAE's biggest lender, has sold 3.6 billion Chinese yuan ($465.49 million) in five-year dual-listed Formosa bonds at 3.4%, it said in a statement on Tuesday.

The bank increased the size from 3.25 billion yuan and said it was the biggest yuan-denominated issuance by a non-Chinese bank issuer and the biggest Chinese yuan Formosa issuance.

Formosa bonds are sold in Taiwan by foreign borrowers and are denominated in currencies other than the Taiwanese dollar.

The deal follows a 1.4 billion Chinese yuan Formosa issuance in June.

"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," Rula Al Qadi, FAB's head of group funding, said in the statement.

(Writing by Yousef Saba, editing by Louise Heavens, Kirsten Donovan)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FIRST ABU DHABI BANK P.J.S.C. -0.80% 14.94 End-of-day quote.15.81%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.09% 6.4691 Delayed Quote.-0.54%
All news about FIRST ABU DHABI BANK P.J.S.C.
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2020MIDEAST STOCKS-Major Gulf markets rise in early trade
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More news
Financials
Sales 2020 18 301 M 4 983 M 4 983 M
Net income 2020 9 421 M 2 565 M 2 565 M
Net Debt 2020 - - -
P/E ratio 2020 17,2x
Yield 2020 3,86%
Capitalization 163 B 44 341 M 44 343 M
Capi. / Sales 2020 8,90x
Capi. / Sales 2021 8,52x
Nbr of Employees 5 451
Free-Float 66,6%
Chart FIRST ABU DHABI BANK P.J.S.C.
Duration : Period :
First Abu Dhabi Bank P.J.S.C. Technical Analysis Chart | FAB | AEN000101016 | MarketScreener
Technical analysis trends FIRST ABU DHABI BANK P.J.S.C.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 12,58 AED
Last Close Price 14,94 AED
Spread / Highest target -9,64%
Spread / Average Target -15,8%
Spread / Lowest Target -19,7%
EPS Revisions
Managers and Directors
NameTitle
André Sayegh Group Chief Executive Officer
Tahnoun bin Zayed bin Sultan Al-Nahyan Chairman
James Burdett Group Chief Financial Officer
Ahmed Mohamed Sultan Al-Dhaheri Director
Khalifa Sultan Ahmed Sultan Al-Suwaidi Director