Abu Dhabi – Mubasher: Demand on the emirate of Abu Dhabi’s international bonds exceeded $30 billion.
The bond issue is divided on three tranches with five-, 10- and 30-year maturities.
Abu Dhabi sold the first batch of sovereign bonds at a 30-year maturity on Tuesday in consideration for $10 billion, according to an official document.
The government also sold $3 billion five-year bonds and $4 billion 10-year bonds, according to Reuters.
Earlier this week, the Abu Dhabi government said it assigned Bank of America Merrill Lynch, Citibank, First Abu Dhabi Bank (FAB), HSBC, and JPMorgan Chase to arrange the bond issue.
The government of Abu Dhabi has an ‘Aa2’ credit rating from Moody's, and was given an ‘AA’ rating from both Standard & Poor's and Fitch Ratings.
