Abu Dhabi is tapping international debt markets for the first time in two years as it seeks to take advantage of relatively low borrowing costs.
The oil-rich emirate plans to sell benchmark-sized dollar-denominated bonds in three maturities on Monday, said a person familiar with the matter, who isn’t authorized to speak publicly and asked not to be identified. They include:
- Debt due 2024 to yield around 80 basis points more than Treasuries of similar maturity
- Securities due 2029 at a spread of about 100 basis points, and 2049 bonds at 125 basis points
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