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ADCB issues 5-year Formosa bond

ADCB issues 5-year Formosa bond
ADCB's 5-year issue was arranged by JP Morgan Chase and Co. (Photo credit: Arabianeye - Reuters)
ADCB
ADCB
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Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) raised $230 million through the issue of a 5-year Formosa bond, Reuters reported.

This is the second issue sold in Taiwan this quarter.

ADCB's 5-year issue was arranged by JP Morgan Chase and Co.

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