Fitch assigns Abu Dhabi First digital bonds AA-
Abu Dhabi First Bank issued its first digital bond rated "AA-" by Fitch Ratings, with a three-year maturity, as part of a program valued at $30 billion. The bonds represent an unsecured obligation and are prioritized over unsecured liabilities, with an annual interest rate of 5.75% paid semiannually. All payments are made in UAE dirhams. The issuance was conducted electronically via Distributed Ledger Technology through the Euroclear system, reflecting the bank's solid creditworthiness.
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