Home UAE Abu Dhabi ADCB To Price $500m Floating Rate Note The transaction will price at 130 basis points over the three-month London interbank offered rate. by Reuters November 13, 2013 Abu Dhabi Commercial Bank will sell on Tuesday a $500 million floating rate note due January 2017, a document from lead managers said. The transaction will price at 130 basis points over the three-month London interbank offered rate (Libor), 5 bps tighter than guidance announced earlier in the day. Leads said in an update at around 1215 GMT that investors had submitted bids worth more than $900 million for the deal. Deutsche Bank, JP Morgan Chase and Standard Chartered are the arrangers of the offering, the bank’s first public debt sale since a $300 million subordinated bond completed in May. 0 Comments