First Abu Dhabi Bank Weighs Multibillion-Dollar Rights Issue

EXCLUSIVE First Abu Dhabi Bank Weighs Multibillion-Dollar Rights Issue Executives at First Abu Dhabi Bank PJSC have held preliminary discussions on potentially raising billions of dollars through a rights issue that could rank among the biggest of its kind in recent years, according to people familiar with the matter. The lender is exploring raising about $5 billion, some of the people said, adding that the figure could ultimately change. Executives have held informal talks with several large Wall Street banks, though it’s unclear if any have been hired, according to the people, who declined to be identified as the information is confidential.