NBAD issues $123.8 million samurai bond.
NBAD's samurai bond matures in 2026 and has a fixed coupon rate of 2.6 per cent. Mistubishi UFJ Morgan Stanley Securities and HSBC Securities Japan were the joint lead managers of the bond.
"This successful transaction follows our previous groundbreaking debt issuance in Malaysia and once again confirms NBAD as a market leader from the GCC," Jordan said. "NBAD will continue on its diversification strategy which will likely provide opportunities for other issuers from the GCC to tap certain markets, especially in Asia."
A samurai bond is a yen-denominated bond issued in Tokyo by non-Japanese companies.
2011 CPI Financial. All rights reserved.
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|Date:||Jul 13, 2011|
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