The Department of Finance – Abu Dhabi (DoF) announced that Abu Dhabi has issued US$3 billion USD-denominated bonds across two maturity periods.
The issuance attracted strong demand from international investors, reflecting confidence in Abu Dhabi’s credit rating, fiscal strength, and long-term economic prospects. This follows last year’s issuance of US$5 billion across three tranches, which set new benchmarks for investors and pricing in the CEEMEA region.
The bonds comprise a US$1 billion tranche maturing in three years, and a US$2 billion tranche maturing in 10 years. The rates represent a 10-basis point spread over three-year US Treasuries and a 18-basis point spread over 10-year US Treasuries. The issuance was five times oversubscribed, with the peak orderbook reaching US$18.5 billion.
The transaction achieved the tightest spreads in Abu Dhabi’s history. This demonstrates the continuous trust of global and…
