Abu Dhabi Raises $5 Billion With First Eurobond in Three Years
- Emirate lowered pricing from guidance, suggesting high demand
- Deal adds to rush of issuance from emerging markets this year
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Abu Dhabi sold its first eurobonds since 2021, raising $5 billion in one of the biggest deals from emerging markets this year.
The oil-rich sheikhdom, the capital of the United Arab Emirates, issued tranches five, 10 and 30 years. The final yields were significantly tighter than the guidance from when the sale started on Tuesday morning, suggesting there was plenty of demand from investors.