Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for Abu Dhabi > News item |
Abu Dhabi sets spread on multi tranche offering of dollar notes
By Rebecca Melvin
New York, Sept. 23 – The Emirate of Abu Dhabi has set the yield spread on three tranches of U.S. dollar-denominated five-, 10- and 30-year notes (expected ratings: AA/AA) early Monday, according to a market source.
The spread for the five-year notes was set at U.S. Treasuries plus 65 basis points. The pricing was tight to initial price talk for a yield in the Treasuries plus 80 bps area.
The spread for the 10-year notes was for a yield of Treasuries plus 85 bps, which was tightened from initial talk for a yield in the 100 bps area.
The spread for the 30-year notes was set at Treasuries plus 110 bps, which was trimmed from initial price talk for a yield in the Treasuries plus 125 bps area.
The Rule 144A and Regulation S notes were being marketed by joint lead managers and joint bookrunners BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC and JPMorgan.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.