Abu Dhabi raises $5bn from first bond sale in seven years | The National:
"The emirate of Abu Dhabi has sold US$5 billion in sovereign bonds for the first time since 2009 as Arabian Gulf governments turn to debt markets amid a weaker oil price.
Abu Dhabi’s department of finance sold a $2.5bn tranche of 5-year bonds yielding 2.125 per cent and which mature on May 3, 2021, and another $2.5bn tranche of 10-year bonds yielding 3.125 per cent. Those bonds mature on May 3, 2026, according to market participants.
JP Morgan, Bank of America and Citigroup managed the sale."
'via Blog this'
No comments:
Post a Comment