Abu Dhabi successfully issues $7bn in multi-tranche bonds – Saudi Gazette
- Date: 20-Apr-2020
- Source: Saudi Gazette
- Sector:Financial Markets
- Country:UAE
Abu Dhabi successfully issues $7bn in multi-tranche bonds – Saudi Gazette
Strong demand from international investors representing 90% of the final orderbook. ABU DHABI - Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on April 8 successfully priced a $7 billion multi-tranche international bond offering.. The tranches priced at 220 basis points over US Treasuries for 5-year bonds, 240 basis points over the same benchmark for 10-year bonds, and 271.1 basis points over US Treasuries for 30-year notes.. We have substantial fiscal flexibility and the capacity to add debt..