|23 September, 2019

Abu Dhabi receives over $19bln in orders for triple tranche bond - document

Abu Dhabi has mandated BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC, JP Morgan and MUFG to act as joint lead managers and joint bookrunners

image used fot illustrative purpose A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok October 12, 2010.

image used fot illustrative purpose A bank employee counts U.S. hundred dollar bills at Kasikornbank in Bangkok October 12, 2010.

REUTERS/Sukree Sukplang

Abu Dhabi has received orders in excess of $19 billion for a planned triple-tranche dollar bond sale expected to close later on Monday, a document issued by one of the banks leading the deal showed.

The emirate has set the price guidance for a five-year tranche at 65 basis points (bps) over US Treasuries, while its 10-year and 30-year notes offer 85 bps and 110 bps, respectively, over the same benchmark, according to the document.

(Reporting by Davide Barbuscia; writing by Maher Chmaytelli; Editing by Kevin Liffey) ((maher.chmaytelli@thomsonreuters.com;))

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