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Nantional Bnk of Abu Dhabi to sell $545 mln in bonds

Sat Feb 9, 2008 3:40pm IST
 
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DUBAI, Feb 9 (Reuters) - National Bank of Abu Dhabi NBAD.AD said on Saturday it would sell 2 billion dirhams ($544.7 million) worth of convertible bonds to help finance investment banking operations and expansion overseas.

The 10-year convertible bonds will be sold in different markets including the Middle East, Europe and Asia and would be listed on the London stock exchange, the lender said in a statement. (Reporting by Stanley Carvalho; Editing by Ron Askew)

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