The Emirate of Abu Dhabi successfully issued dollar-denominated bonds worth $5 billion through three tranches, receiving a positive response from investors. The bonds were oversubscribed by 4.8 times and offered attractive returns of 4.875%, 0.5%, and 5.5% for maturities of 5, 10, and 30 years respectively.
The successful issuance reflects investor confidence in the emirate’s credit standing and economic development strategy. The bonds received an AA rating from Standard & Poor’s and Fitch, indicating their high level of investment grade quality.
Chairman Jassim Mohammed Buataba Al Zaabi highlighted the strong demand from global investors and the conservative management of debt and liquidity as key factors contributing to the success of the issuance. The issuance was managed by a group of lead managers, reflecting confidence in Abu Dhabi’s financial stability.
Overall, this successful issuance demonstrates that Abu Dhabi remains a highly attractive destination for foreign investment, with strong investor confidence in its long-term financial stability.