DOW JONES NEWSWIRES
LONDON (Dow Jones)--The Emirate of Abu Dhabi is planning to issue a dollar-denominated, benchmark bond offering, following investor roadshows in the U.S. and Europe, one of the banks managing the deal said Thursday.
Citigroup Inc., Deutsche Bank AG and JP Morgan Chase & Co., have been hired as joint-arrangers for the transaction, which is expected to be launched, subject to market conditions, after roadshows which commence the week of March 23.
The bonds are being sold under the issuer's global medium-term-note program.
Abu Dhabi is rated Aa2 by Moody's Investors Service Inc., AA by Standard & Poor's Corp., and AA by Fitch ratings.
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