Abu Dhabi in talks with banks for new debt issues: sources - Reuters:
Abu Dhabi has been in talks with banks for potential debt sales in the international markets this year as the oil-rich emirate plans to engage global fixed income investors on a more regular basis amid low oil prices, sources said.
Abu Dhabi, which has one of the best credit ratings in the region, issued its latest international bonds in September last year, raising $10 billion for budgetary purposes and garnering almost $20 billion in demand.
After a reshuffling at its finance department last year, the government has been in talks with banks on several fundraising options, taking a more proactive approach to debt financing, said the sources.
“They want to issue more regularly and in smaller sizes, rather than huge $10 billion deals like last year,” one of them said.
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