ADNOC debt issuer holds investor meetings ahead of debut bonds | Reuters
Abu Dhabi National Oil Company's newly set up debt-issuing unit, ADNOC Murban, began holding investor meetings on Tuesday ahead of its debut bond sale expected this year, an investors' note seen by Reuters showed.
The meetings, coordinated by JPMorgan and Morgan Stanley (MS.N), will run through Friday and will target investors in Asia, Europe, the United States, and the Middle East and Africa, according to the note.
ADNOC and JPMorgan did not respond to emailed requests for comment. Morgan Stanley declined to comment.
The ability to tap the debt capital markets will give ADNOC flexibility to raise debt with longer tenors and potentially better pricing.
No comments:
Post a Comment