Abu Dhabi issues $10.0bln multi-tranche bonds, demonstrating strong investor confidence

Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on 23rd September 2019 successfully priced a US$10.0 billion multi-tranche international bond offering. The transaction comprised three tranches: (i) US$3.0 billion, 2.125 percent, due in 2024, which priced at 65 bps over US Treasuries; (ii) US$3.0…