The United Arab Emirates has launched a sale of $1.5 billion in 10-year bonds, an arranging bank document showed on Tuesday.

The Middle Eastern country has sold the debt at a yield of 60 basis points over U.S. Treasuries, tighter than initial price guidance of 90 bps over the same benchmark after demand exceeded $5.75 billion, the document said.

Crédit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JP Morgan and Standard Chartered Bank have been working as joint lead managers and bookrunners.

(Reporting by Mohammad Edrees and Amna Mariyam Editing by David Goodman)