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NBAD sets interest rate on bonds for 2016

NBAD sets interest rate on bonds for 2016
Photo Credit: Arabianeye-Reuters
FAB
FAB
-3.13% 17.36 -0.56

Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) fixed the coupon rate for the next 39th coupon payment at 1.218% for the period from 15 December 2015 to 15 March 2016, according to a bourse filing on Tuesday.

In the third quarter of 2015, NBAD’s profits fell 3% to AED 1.33 billion from AED 1.37 billion in Q3-14.