The UAE government has offered dollar-denominated bonds in two tranches, the first for a 10-year term, and the second for a 30-year Formosa bond.

Reuters reported, citing a document issued by a bank in the process today, Thursday, that the initial guidance rate is about 125 basis points over US Treasury bonds for the 10-year tranche.

The document also showed that the initial indicative price of the bonds is about 200 basis points over the US Treasuries of Formosa bonds.