Abu Dhabi – Mubasher: The National Bank of Abu Dhabi (NBAD) has made a partial repurchase of its AED 125 million outstanding NBAD 2016 subordinate convertible notes listed on the Abu Dhabi Securities Exchange (ADX).

The repurchased notes have been cancelled and retired, reducing the aggregate outstanding principal amount of the notes to AED 914.5 million, the bank said it in its bourse filing Thursday.

NBAD previously reported a net profit of AED 1.423 billion in the first quarter of 2015 compared to AED 1.41 billion in the same period in 2014, registering a 1% increase year-on-year and a 3.7% rise quarter-on-quarter.