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Abu Dhabi sells second dollar-denominated bonds in 2021

Abu Dhabi sells second dollar-denominated bonds in 2021
Abu Dhabi is offering 10-year debt

UAE - Mubasher: Abu Dhabi will issue two-part dollar-denominated bonds to benefit from low borrowing costs, which marks its second offering in 2021, a source told Bloomberg.

The source referred that Abu Dhabi is offering the 10-year debt with an initial price of about 90 basis points over Treasuries of similar maturity.

The emirate is also selling 30-year securities with an initial spread of 130 basis points. 

It is noteworthy to mention that in June 2021, Abu Dhabi completed a $2 billion sovereign bond issuance with a seven-year tenor, the first of its kind in the region.