Monday 18 April 2016

Abu Dhabi picks banks for benchmark dollar bond – leads | GulfNews.com

Abu Dhabi picks banks for benchmark dollar bond – leads | GulfNews.com:

"The Emirate of Abu Dhabi has mandated banks to arrange a benchmark-sized US dollar bond issue, according to a document from lead managers, marking the sovereign’s return to the international bond market after an absence of seven years.

Abu Dhabi has hired Bank of America-Merrill Lynch, Citigroup and JP Morgan to organise investor meetings in the UAE, Europe and the United States starting from Tuesday, the document showed.

A 144A/Reg S deal, which allows the securities to be sold in the United States, may follow subject to market conditions."



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