Abu Dhabi s NBAD is 1 for GCC bonds Dealogic

10/6/2015 9:45:21 AM

(MENAFN- Emirates News Agency (WAM))

ABU DHABI 6th October 2015 (WAM) --- National Bank of Abu Dhabi (NBAD) the Safest Bank in Emerging Markets and the Middle East by Global Finance magazine is ranked number one bookrunner of Bonds and Sukuk in members of the Cooperation Council for the Arab States of the Gulf (GCC) for the first 9 months of 2015 according to data compiled by Dealogic a platform utilised by investment banks worldwide to optimise performance and improve competitiveness.

This marks the first time a Middle-Eastern bank has been top ranked in this segment reaffirming NBAD's expertise and credibility among international investors in Asia and across the West-East Corridor.

GCC bond issuers raised a total of about US$16 billion during the first three quarters of 2015 via 28 ?international capital markets transactions half of which were led by NBAD. UAE banks are the region's most prolific Bond and Sukuk issuers year-to-date followed by borrowers from Oman and Saudi Arabia.

NBAD has bookrun multiple landmark deals during 2015 including: - the region's only sovereign issuance: for the Emirate of Ras Al Khaimah - the world's first-ever Export Credit Agency guaranteed Sukuk: for Emirates Airline - several benchmark offerings : for Islamic Development Bank Etisalat DP World Bank of Sharjah Dubai Islamic Bank Bank Dhofar Bank of Bahrain & Kuwait RAK Bank and National Bank of Kuwait.

Andy Cairns Managing Director and Global Head of Debt Origination and Distribution at NBAD added "We have invested heavily across our debt platform and it is encouraging that the benefits accruing from NBAD's involvement in a fundraising - in terms of superior advice distribution and execution - are being recognized by the increasing number of issuers who choose to work with us".

NBAD says it is the most highly decorated Middle East debt house having won 46 industry awards year-to-datemore than any other firm in the region.

Key 2015 awards include: - GlobalCapital Bond Awards "Rising Star Emerging Markets House"NBAD is the first-ever Middle Eastern bank to win this prestigious award - Global Islamic Finance Awards "Best Sukuk House of the Year"NBAD is the first-ever Middle Eastern bank to win this prestigious award - Sukuk Summit "Award for Excellence for Best Lead Arranger of Sukuk"

- Euromoney Awards for Achievement "Best DCM House in the UAE".

WAM/MMYS

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