Abu Dhabi sells $ 5 billion bonds with first 50-year Gulf note – The National
The Emirate of Abu Dhabi has made a $ 5 billion bond offering comprising both the lowest yield achieved and the longest note issued by a Gulf government.
The offer, which was 4.8 times oversubscribed, included a three-year $ 2 billion tranche priced at just 0.83% – a historically low yield for a bond issued by a Gulf ruler. It also included a 10-year tranche priced at 1.732 percent and a…