Abu Dhabi successfully issued a billion dual-tranche bond, drawing billion in total demand (excluding Joint Lead Manager interest). The offering included a billion, 3-year bond priced at (US Treasuries + 10 basis points), which was 20 basis points tighter than initial guidance due to strong investor interest. The second tranche was a billion, 10-year bond priced at (US Treasuries + 18 basis points). The Reg S unsecured notes are rated AA/AA and will be listed in London and Abu Dhabi. A large consortium of banks, including Citi, HSBC, and JP Morgan, coordinated the sale.
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