The Abu Dhabi government is in talks with banks about issuing new international bonds, after it has already raised $ 10 billion in debt issues this year.
According to Reuters, two sources familiar with the matter stated that the government was discussing a new deal and had chosen banks to arrange the deal. The two sources did not disclose the names of the banks.
The Abu Dhabi Department of Finance did not respond to a request for comment.
In April, Abu Dhabi issued bonds worth $ 7 billion due in 2025, 2030 and 2050.
Abu Dhabi has received requests of about $ 45 billion for the April operation.
is back in the market with a bond issue, as the subscription was reopened on an existing operation using the same documents as the previous time.
It is set to raise another $ 3 billion, according to a document issued by one of the banks leading the process and seen by Reuters.
and the process has attracted requests of nearly $ 20 billion.
Abu Dhabi sold $ 1 billion in bonds per tranche. It offers 135 basis points over US Treasuries for bonds maturing in 2025, 150 basis points over US Treasuries for bonds maturing in 2030, and 3.25% for bonds maturing in 2050.
(Amazon fun knowledge)
