Thursday 05, January 2017 by Nabilah Annuar

NBAD updates its $7.5 billion EMTN prospectus

Following certain internal governance changes at the bank, National Bank of Abu Dhabi (NBAD) has provided a supplement to the base prospectus of its $7.5 billion Euro Medium Term Note (EMTN) Programme, according to an announcement on the Abu Dhabi Stock Exchange.

This base prospectus supplement is supplemental to, forms part of and must be read and construed in conjunction with, the base prospectus dated 1 September 2016 as supplemented by the base prospectus supplement dated 3 November 2016. Terms defined in the base Prospectus shall, unless the context otherwise requires, have the same meaning when used in the supplement.

The supplement has been approved by United Kingdom Financial Conduct Authority (UK Listing Authority) in its capacity as the United Kingdom competent authority for the purposes of Part VI of the Financial Services and Markets Act 2000, as amended.

The supplement constitutes a supplementary prospectus for the purposes of Section 87G of the FSMA and, together with the Base Prospectus, comprises a base prospectus for the purposes of Directive 2003/71/EC, as amended (which includes the amendments made by Directive 2010/73/EU and includes any relevant implementing measure in a relevant Member State of the European Economic Area).

The purpose of the supplement is to incorporate by reference into the base prospectus the—unaudited condensed consolidated interim financial statements of both NBAD and FGB as at 30 September 2016 and the auditors' review report thereon. It also serves to update the sections of the base prospectus entitled "Unaudited Pro Forma Condensed Consolidated Financial Information" and "Appendix—Report on the Pro Forma Financial Information", respectively. Additionally, the supplement also updates other disclosures under the heading "National Bank of Abu Dhabi—Directors, Management and Employees—General Management" and "National Bank of Abu Dhabi— Proposed Merger" of the base prospectus.

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