UPDATE 2-Abu Dhabi raises $10 billion with triple-tranche bond - Reuters:
The government of Abu Dhabi has sold $10 billion in bonds, its first debt issuance in two years, which attracted hefty demand as the oil-rich emirate takes advantage of low rates to partly offset the impact of falling oil prices on state coffers.
Abu Dhabi has issued $3 billion in five-year bonds, $3 billion in 10-year and $4 billion in 30-year notes, according to a document issued by one of the banks leading the deal and seen by Reuters.
Abu Dhabi, the capital of the United Arab Emirates (UAE), has the biggest hydrocarbon reserves among the UAE’s seven emirates and its fiscal position is among the strongest in the region.
It has a rating of Aa2 by rating agency Moody’s, AA by S&P and AA by Fitch, with stable outlooks assigned by all three rating agencies.
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