UAE - Mubasher: Abu Dhabi Ports has set initial price guidance of about 145 basis points over mid-swaps on 10-year US dollar-denominated bonds, Reuters reported.

Citi, First Abu Dhabi Bank (FAB), Standard Chartered, HSBC, Mizuho, Societe Generale, BNP Paribas, Credit Agricole, and SMBC Nikko are arranging the transaction, according to a cited term sheet.

The deal, which will be used for general corporate purposes, is forecast to be launched later on Wednesday.

It is noteworthy to mention that Fitch Ratings has previously assigned Abu Dhabi Ports' euro medium-term notes programme (EMTN programme) and the 2031 senior unsecured notes, which will be issued under the programme, expected 'A+' ratings, with a stable outlook.