Abu Dhabi has this week raised a $10bn three-tranche international bond. Though three times oversubscribed, the sum raised is slightly less than Saudi Arabia’s bumper $12.5bn international bond issued a week earlier (MEES, 29 September).
The latest Abu Dhabi issue consists of a 5-year $3bn tranche priced at 65bps over US Treasuries; a 10-year $4bn tranche at +85bps; and a 30-year $3bn at +130bps. The bond issue was lead managed by Bank of America Merrill Lynch, Citigroup, First Abu Dhabi Bank, HSBC and JP Morgan. (CONTINUED - 540 WORDS)
