Abu Dhabi’s $10bn bond sale adds to strong year for Middle East issuance

Abu Dhabi’s $10bn bond sale adds to strong year for Middle East issuance:

"Abu Dhabi has today priced a $10bn bond sale, in the latest major deal to emerge from the Middle Eastern region which has broken issuance records so far this year. The debt, which is rated as double A, was split into three tranches, which mature in five, 10 and 30 years and priced at coupons of 2.5, 2.125 and 4.125 per cent respectively. The deal is the second largest sovereign bond sale from an emerging market seller in 2017, behind Saudi Arabia’s $12.5bn issuance last week. "



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