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Finance House to issue Dh100m bond
Finance House, the Abu Dhabi-based lender, is to raise Dh100m through debt issuances before the end of the year, the company's chairman says.
The bond, which comes after a Dh157m issuance last month, is part of the bank's strategy to raise up to Dh500m in long-term funding.
Mohammed al Qubaisi, the chairman of Finance House, said the bank would shift its sources of funding to longer-dated loans so it could place "more focus on cash flows and our bread-and-butter business", and avoid pursuing what he called "pie-in-the-sky types of ambitions".
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