Abu Dhabi tempts buyers with long bond

摘要

abu dhabi reached out to investors in Asia with its longest-ever international bond, tapping into a well of demand from insurers in the region. The emirate was able to squeeze pricing on its way to raising US S1 Obn in a triple-tranche transaction on Tuesday. The trade closely echoed last month's deal from Saudi Arabia, with the same two-day execution strategy and a three-legged offering that included five, 10 and 30-year notes (Saudi did long fives and long 10s as well as a 30 year).