Abu Dhabi tightens guidance, gets over $23bln demand for three-part bonds - document | ZAWYA MENA Edition:
Abu Dhabi tightened the price guidance on Tuesday for a three-tranche U.S. dollar-denominated bond offering and received more than $23 billion in orders for the debt sale, a document showed.
The notes due in 2023 were tightened to 70-75 basis points (bps) over U.S. Treasuries from around 95 bps earlier in the day. The tranche due in March 2031 was tightened to 110-115 bps from around 135 bps and the bonds due in 2070 were tightened to 2.75-2.8% from around 3%.
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