First Abu Dhabi Bank (FAB), the largest bank in the UAE by assets, has successfully raised $750 million through the issuance of five-year 'Formosa' bonds with a floating interest rate. This move is a key part of the bank's strategy to diversify its funding sources and strengthen its position in the international capital markets. The bond issuance was well-received by investors, reflecting strong confidence in the bank's financial stability. The proceeds will be used to fund the bank's operations and support the further growth of its business across the region and globally. This success underscores FAB's strong market reputation and reliability in the eyes of global investors.
