UAE – Mubasher: The Government of Abu Dhabi has assigned banks to issue US dollar-denominated bonds that cover maturities of five, 10, and 30 years, according to Reuters.

BNP Paribas, Citigroup, First Abu Dhabi Bank (FAB), HSBC, JP Morgan, and Mitsubishi UFJ Financial Group (MUFG) will act as joint lead managers and joint bookrunners for 144A Reg S senior unsecured bonds, the London-based news agency reported, citing a document.

The government of the UAE’s capital has started promoting the five-year notes at around 80 basis points (bps) over the US treasuries, the 10-year notes at around 100 bps over the same benchmark, and the 30-year at around 125 bps, a separate document showed.

Earlier this month, sources told Reuters that Abu Dhabi aims to issue US dollar-denominated bonds in 2019.