Wednesday, 2 October 2019

#UAE's ADNOC to look at potential bond issue - CFO - Reuters

UAE's ADNOC to look at potential bond issue - CFO - Reuters:

Abu Dhabi National Oil Co (ADNOC) will look at a potential bond issue, its group chief financial officer said on Wednesday.

Asked whether ADNOC would look at a bond issue in the first quarter of 2020, Mark Cutis said at a Bloomberg event: “We will take a look. These are historically low interest (rates), so if you’re not issuing, you’re making a big judgement call.” 


ADNOC was given an AA credit rating by Fitch in February.

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