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The Abu Dhabi Securities Exchange Sunday listed the Emirate of Abu Dhabi Global Medium Term Note Programme total amount of US$ 10,000,000,000 in three tranches, according to ADX's official website.
Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on 23rd September 2019 successfully priced a US$10 billion multi-tranche international bond offering.
The transaction comprised three tranches: US$3 billion -2.125 percent- due in 2024, which priced at 65 bps over US Treasuries; US$3 billion -2.500 percent- due in 2029, which priced at 85 bps over US Treasuries; and US$4 billion - 3.125 percent- due in 2049, which priced at 110 bps over US Treasuries.
The bonds were well received in the international debt capital markets, with the order book peaking at over US$25 billion with orders coming from over 650 unique accounts.
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