Abu Dhabi starts selling three-part benchmark debt - IFR

Gulf Island Fabrication

23/04/2024 07:45

April 23 (Reuters) - The Emirate of Abu Dhabi has
started selling its triple-tranche benchmark debt, fixed income
news service IFR reported on Tuesday.
    Abu Dhabi has set initial prices guidance for its 5-year and
 10-year debt sale at around 70 and 85 basis points over U.S.
Treasuries respectively, while initial price guidance for the
30-year debt transaction has been placed around 125 bps over the
same benchmark, the IFR said.
    ADCB, Citigroup Global Markets Limited, FAB, HSBC Bank, J.P.
Morgan Securities plc, Morgan Stanley & Co. International, and
Standard Chartered Bank are working on the debt sale transaction
as joint lead managers, IFR showed.

 (Reporting by Mohammad Edrees, Editing by Louise Heavens)
 ((Mohammad.Edrees@thomsonreuters.com;))