Abu Dhabi: The Emirate of Abu Dhabi announced that it has successfully issued its benchmark dual-tranche 5- and 10-year, USD 5bn bond. Notes due 2021 (the 5-year Bonds) and for the value of USD 2,500,000,000 and notes due 2026 (the 10-year Bonds) for the value of USD 2,500,000,000.
The 5-year Bonds was priced on 25th April 2016 at a yield of 2.218%; the 10-year Bonds with a yield of 3.154% with a spread of 85bps and 125bps respectively, over the relevant US Treasury securities.
The bonds were significantly oversubscribed with an aggregate of over 600 orders, exceeding USD 17 Billion, with strong demand from both international and regional accounts.
QNA
