Abu Dhabi sold its $1 billion three-year bond at 3.625%, equivalent to US Treasuries plus 10 basis points, tightening 20 basis points from initial guidance due to strong investor interest.
The $2 billion 10-year tranche was issued at 4.25%, 18 basis points above US Treasuries.
Orders for the combined offerings surpassed $16 billion, not including interest from joint lead managers.
The Reg S senior unsecured notes carry AA/AA ratings from S&P and Fitch, reflecting the issuer’s Aa2/AA/AA credit standing.
The bonds will be listed on both the London and Abu Dhabi stock exchanges.
Global coordinators for the transaction include Citi, First Abu Dhabi Bank, Goldman Sachs International, HSBC, Morgan Stanley, and Standard Chartered.
They also act as lead managers and bookrunners alongside Abu Dhabi Commercial Bank, Bank of China, Emirates NBD Capital, ICBC, JP Morgan, and SMBC.
