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.
