Abu Dhabi is likely to issue an international bond in the next 6-12 months and is considering a debt ceiling for the emirate and major government-related borrowers, a debt official said on Wednesday.
"I would expect we would come to the market within the next 6 to 12 months to refresh our benchmarks in the dollar market...5 or 10-year would be the natural thing to do for us," Lars Boman, senior adviser at Abu Dhabi's Debt Management Office, told a Euromoney conference.
The likely size would be "at least a billion" dollars, he later told reporters on the sidelines of the conference.
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