Abu Dhabi makes swift return for triple tap

Abu Dhabi_ Adobe Stock_ 230x150
By Ross Lancaster
19 May 2020

The Emirate of Abu Dhabi made a swift return to bond markets on Tuesday just six weeks after it printed a $7bn triple tranche trade, tapping that same deal.

Investors had crammed in orders for Aa2/AA/AA rated Abu Dhabi’s last offering in April, driving the total order book to $45bn. The deal marked part of an impressive reopening for Gulf bond issuance after Covid-19 and a falling oil price shocked the market. 

Against the backdrop of rising ...

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