APPLICABLE FINAL TERMS
Final Terms dated 15 March 2024
ABU DHABI COMMERCIAL BANK PJSC
Legal Entity Identifier (LEI): 213800RWVKKIRX1AUH58
Issue of U.S.$30,000,000 Floating Rate Notes due 19 March 2029
under the U.S.$15,000,000,000
Global Medium Term Note Programme
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the base prospectus dated 7 July 2023 and the supplements to the base prospectus dated 9 August 2023 and 1 February 2024, which together constitute a base prospectus (the "Base Prospectus") for the purposes of Regulation (EU) 2017/1129, as amended (the "EU Prospectus Regulation"). This document constitutes the applicable Final Terms of the Notes described herein for the purposes of Article 8(4) of the EU Prospectus Regulation and must be read in conjunction with the Base Prospectus. Full information on the Issuer and the offer of the Notes is only available on the basis of the combination of these applicable Final Terms and the Base Prospectus. The Base Prospectus is available for viewing on the website of Euronext Dublin (https://live.euronext.com/) and during normal business hours at Abu Dhabi Commercial Bank PJSC, ADCB Tower, Head Office, Sheikh Zayed Street, P.O. Box 939, Abu Dhabi, United Arab Emirates, and copies may be obtained from Abu Dhabi Commercial Bank PJSC, ADCB Tower, Head Office, Sheikh Zayed Street, P.O. Box 939, Abu Dhabi, United Arab Emirates.
1. | (a) | Series Number: | 187 |
(b) | Tranche Number: | 1 |
- Date on which the Notes Not Applicable become fungible:
- Specified Currency or Currencies: US dollars (USD)
- Aggregate Nominal Amount of USD 30,000,000 Notes admitted to trading:
4. | Issue Price: | 100.00 per cent. of the Aggregate Nominal | ||
Amount | ||||
5. | (a) | Specified | Denominations | USD 200,000 |
(in the case of Registered | ||||
Notes this | means the | |||
minimum integral amount |
in which transfers can be made):
- Calculation Amount:
- (a) Issue Date:
- Interest Commencement Date:
- Maturity Date:
- Interest Basis:
- Redemption/Payment Basis:
- Change of Interest Basis or Redemption/Payment Basis:
- Put/Call Options:
- (a) Status of the Notes:
- Date approval for issuance of Notes obtained:
USD 200,000
19 March 2024
Issue Date
Interest Payment Date falling in or nearest to March 2029
Compounded Daily SOFR + 1.25 per cent. Floating Rate
(further particulars below)
Redemption at par
Not Applicable
Not Applicable
Senior
20 March 2023
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13. | Fixed Rate Note Provisions: | Not Applicable | |||||
14. | Floating Rate Note Provisions: | Applicable | |||||
(a) | Specified | Quarterly on 19 March, 19 June, 19 | |||||
Period(s)/Specified Interest | September and 19 December in each year | ||||||
Payment Dates: | from and including 19 June 2024 up to and | ||||||
including the Maturity Date, subject to | |||||||
adjustment in accordance with the Business | |||||||
Day Convention set out in (b) below | |||||||
(b) | Business Day Convention: | Modified | Following | Business | Day | ||
Convention | |||||||
(c) | Additional | Business | London, New York, Abu Dhabi | ||||
Centre(s): | |||||||
(d) | Manner in which the Rate | Screen Rate Determination | |||||
of Interest and | Interest |
Amount | is | to | be | ||
determined: | |||||
(e) | Party | responsible | for Principal Paying Agent | ||
calculating | the | Rate | of | ||
Interest | and | Interest | |||
Amount: |
- Screen Rate Determination: Applicable
(i) | Reference Rate: | SOFR | |
(ii) | Index | Not Applicable | |
Determination: | |||
(iii) | Interest | The fifth U.S. Government Securities | |
Determination | Business Day immediately preceding the | ||
Date(s): | Interest Payment Date for each Interest | ||
Period (or immediately preceding such | |||
earlier date, if any, on which the Notes are | |||
due and payable. | |||
(iv) | Relevant | Screen | Reuters Screen SOFR Page |
Page: | |||
(v) | Relevant Time: | Not Applicable |
- Relevant Financial Not Applicable Centre:
(vii) | Calculation | Compounded Daily |
Method: | ||
(viii) | Observation | Observation Shift |
Method: |
- Observation Look- Five U.S. Government Securities Business
back Period: | Days | ||
(x) | D: | 360 | |
(xi) | Effective Interest | Not Applicable | |
Payment Date: | |||
(xii) | Rate Cut-off Date: | Not Applicable | |
(g) | ISDA Determination: | Not Applicable | |
(h) | Linear Interpolation: | Not Applicable |
(i) | Margin(s): | +1.25 per cent. per annum |
- Minimum Rate of Interest: 0.00 per cent. per annum
- Maximum Rate of Interest: Not Applicable
(l) | Day Count Fraction: | Actual/360, Adjusted |
15. | Reset Note Provisions: | Not Applicable | |||
16. | Zero Coupon Note Provisions: | Not Applicable | |||
PROVISIONS RELATING TO REDEMPTION | |||||
17. | Issuer Call: | Not Applicable | |||
18. | Investor Put: | Not Applicable | |||
19. | Change of Control Put: | Not Applicable | |||
20. | Final Redemption Amount: | USD 200,000 per Calculation Amount | |||
21. | (a) | Early Redemption Amount | USD 200,000 per Calculation Amount | ||
payable on redemption for | |||||
taxation reasons or on event | |||||
of default: | |||||
(b) | Notice | period | on | Not Applicable in line with Conditions |
redemption for tax reasons (if different from Condition
8.2 (Redemption for tax reasons):
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22. | Form of Notes: | Bearer Notes: |
Temporary Bearer Global Note exchangeable | ||
for a Permanent Bearer Global Note which is | ||
exchangeable for definitive Notes only upon an | ||
Exchange Event | ||
Reg. S Compliance Category 2; TEFRA D | ||
23. | Additional Business Centre(s) | New York, London, Abu Dhabi |
relating to Payment Days: |
24. Talons for future Coupons or No Receipts to be attached to definitive Notes (and dates on which such Talons mature):
-
Details relating to Partly Paid Not Applicable Notes: amount of each payment
comprising the Issue Price and date on which each payment is to be made: - Details relating to Instalment Not Applicable Notes:
27. | Redenomination applicable: | Redenomination not applicable |
28. | RMB Settlement Centre(s): | Not Applicable |
29. | RMB Currency Event: | Not Applicable |
30. | Relevant Currency for | Not Applicable |
Condition 7.9 (RMB Currency | ||
Event): |
31. Relevant Spot Rate Screen Pages for Condition 7.9 (RMB Currency Event):
(i) | Relevant Spot Rate | Not Applicable | |
Screen Page (Deliverable | |||
Basis): | |||
(ii) | Relevant Spot Rate | Not Applicable | |
Screen Page (Non- | |||
deliverable basis): | |||
32. | Party responsible for calculating | Not Applicable | |
the Spot Rate for Condition 7.9 | |||
(RMB Currency Event): |
Signed on behalf of the Issuer:
By: | By: |
Duly authorised | Duly authorised |
Robbert Muller | Udit Dewan |
Group Treasurer | |
Senior Head - Liquidity Management & Funding | |
PART B
OTHER INFORMATION
1. LISTING
(a) | Listing and Admission | to Application has been made by the Issuer (or |
trading: | on its behalf) for the Notes to be admitted to | |
the Official List and to trading on the | ||
Euronext Dublin's regulated market with | ||
effect from the Issue Date |
- Estimate of total expenses EUR 1,000 related to admission to trading:
2. | RATINGS | The Notes to be issued are expected to be | |
rated: | |||
Ratings: | S&P Global Ratings | Europe Limited | |
("Standard & Poor's"): | A |
Standard & Poor's is established in the EEA and registered under the EU CRA Regulation. As such, each of Fitch Ratings Ireland Limited and Standard & Poor's is included in the list of credit rating agencies published by the ESMA
onitswebsite(at https://www.esma.europa.eu/supervision/cre dit-rating-agencies/risk) in accordance with the EU CRA Regulation.
- INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Manager, so far as the Issuer is aware, no person involved in the issue of the Notes has an interest material to the offer. The Manager and its affiliates have engaged, and may in the future engage, in investment banking and/or commercial banking transactions with, and may perform other services for, the Issuer or its affiliates in the ordinary course of business for which they may receive fees. - YIELD (Fixed Rate Notes Only)
Indication of yield: | Not Applicable |
5. OPERATIONAL INFORMATION
(a) | ISIN Code: | XS2791003010 |
(b) | Common Code: | 279100301 |
(c) | FISN: | As set out on the website of the Association of |
National Numbering Agencies (ANNA) or | ||
alternatively sourced from the responsible | ||
National Numbering Agency that assigned the | ||
ISIN | ||
(d) | CFI Code: | As set out on the website of the Association of |
National Numbering Agencies (ANNA) or | ||
alternatively sourced from the responsible | ||
National Numbering Agency that assigned the | ||
ISIN | ||
(e) | CUSIP: | Not Applicable |
(f) | CINS: | Not Applicable |
- Any clearing system(s) other Not Applicable than DTC, Euroclear Bank
SA/NV and Clearstream Banking S.A. and the relevant identification number(s):
(h) | Delivery: | Delivery against payment |
- Names and addresses of Not Applicable additional Paying Agent(s) (if
any):
6. REASONS FOR THE OFFER AND ESTIMATED NET AMOUNT OF PROCEEDS
Reasons for the offer: | See "Use of Proceeds" in the Base Prospectus |
Estimated net proceeds: | USD 30,000,000 |
- PROHIBITION OF SALES TO EEA RETAIL INVESTORS Not Applicable
- PROHIBITION OF SALES TO UK RETAIL INVESTORS Not Applicable
- BENCHMARKS
Details of benchmarks administrators Not Applicable and registration under the EU
Benchmarks Regulation
10. THIRD PARTY INFORMATION
Not Applicable
Attachments
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Disclaimer
Abu Dhabi Commercial Bank PJSC published this content on 19 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2024 09:34:01 UTC.