Browsing: Debt Instruments

Abu Dhabi Commercial Bank (ADCB) has announced initial pricing guidance for its forthcoming five-year floating-rate note (FRN) denominated in US dollars, structured under Regulation S and classified as a Formosa bond. The bond is expected to be benchmark-sized, typically indicating a minimum issuance of $500 million.

The total value of Public Investment Fund (PIF) assets, encompassing both domestic and foreign holdings within the Saudi financial market, recorded a 37% year-on-year increase, rising by approximately AED 42B ($11.4B) by the close of the third quarter (Q3) of 2024.

Saudi Arabia’s Public Investment Fund (PIF) has successfully concluded the pricing of a $5B Reg S international bond offering under its Euro Medium-Term Note Program, aligning with its strategy to consistently broaden its funding channels.