The world’s best borrowers in 2006
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Knox, ADCB: strong interest in the bank’s debt |
Abu Dhabi Commercial Bank is one of a rare breed: a Middle East borrower that understands the importance of the international capital markets. Over the past year, Abu Dhabi’s second-biggest bank has raised funds in several currencies, using different structures, as it leads the way for the region’s borrowers. The bank’s funding strategy is three-fold, according to chief executive Eirvin Knox: to diversify its investor base, to lengthen the tenors of its bonds and to keep the cost of borrowing as low as possible.
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