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  • 09-09-21

    Emirate sells USD1.75B in 10-year bonds, USD1.25B in 30-year paper

    (MENAFN)According to a bank document, on Wednesday, Abu Dhabi closed in USD3 billion with its second bond sale of the year for which it took at least USD9.75 billion in orders for two tranches.

    Based on the information of the document from one of the banks on the deal, the emirate sold USD1.75 billion in 10-year bonds at 63 basis points (bps) over US Treasuries (UST) and USD1.25 billion in 30-year paper at 3 percent, to stand at the lower end of final price guidance.

    It reported an opening price guidance of about 90 bps over UST for the 10-year tranche and around 130 bps over UST for the 30-year notes.

    The deal was prepared by BNP Paribas, First Abu Dhabi Bank, JPMorgan, Morgan Stanley and Standard Chartered.

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