Abu Dhabi makes swift return for triple tap
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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