Abu Dhabi $5bn multi-tranche bonds listed on ADX

Abu Dhabi $5bn multi-tranche bonds listed on ADX

ABU DHABI — The Abu Dhabi Securities Exchange Sunday started listing of the Emirate of Abu Dhabi Global Medium Term Note Program total amount of $5,000,000,000 in three tranches.The listing, announced on ADX's website today, is part of Abu Dhabi's strategy aimed to optimize the capital structure of the emirate, tapping into diverse funding sources while maintaining the current high credit ratings.Underpinned by strong investor appetite, the bonds are priced at historic low yields. The program comprises three tranches: a $2 billion 3-year tranche at 0.750 percent; a $1.5 billion long 10-year tranche at