Browsing: floating-rate note

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ADCB Sets Price Guidance for 5-Year USD SOFR Formosa Bond

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.