The Ministry of Finance of the United Arab Emirates has announced that it has closed the offering of 10-year USD 1.50 billion bonds maturing in July 2034.
Publish dateSaturday 29 June 2024 - 13:41
The bond issue attracted quality investors, with an order book of US$6.50 billion, which was definitively more than 4 times oversubscribed based on final guidance.
Joint senior managers and shareholders in this transaction: Credit Agricole Corporate and Investment Bank, Emirates NBD Capital Limited, First Abu Dhabi Bank P.J.S.C., HSBC Bank plc, J.P. Morgan Securities plc and Standard Chartered Bank.
The final allocation of 10-year bonds by investor type is 56% to fund managers, 40% to banks and private banks, 1% to pension and insurance funds, 1% to central banks and state wealth funds, and 2% to The rest of the departments have been.
The notes will be rated AA- by Fitch and Aa2 by Moody's in accordance with the credit rating of the Federal Government of the United Arab Emirates.
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Source : news agency wam
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