Abu Dhabi Returns to the Bond Market With $10 Billion Offering
- Dollar sale is the sheikhdom’s first since April 2016
- MENA deals this year rise to an all-time high of $89 billion
Abu Dhabi Dollar Bonds Raise $10 Billion
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Abu Dhabi, whose government has one of the highest investment grades in the Middle East, raised $10 billion in bonds, pushing regional sales to a record.
The sheikdom sold $3 billion of five-year notes, $4 billion of the 10-year tranche and $3 billion of the 30-year offering, people familiar with the matter said, declining to be identified because the information is private. Investors submitted in excess of $30 billion in bids, they said.