Abu Dhabi Ports USD1bn 2.5% May 31

By Mariam Meskin
29 Apr 2021

Rating: —/A+/A+

Amount: $1bn Reg S/144A debut

Maturity: 6 May, 2031

Issue/reoffer price: 97.922

Coupon: 2.5%

Reoffer yield: 2.739%

Spread at reoffer: 110bp over mid-swaps

Launch date: Wednesday, April 28

Payment date: May 6

Joint books: BNP Paribas, Citi, Credit Agricole, First Abu Dhabi Bank, HSBC, Mizuho, SMBC, Standard Chartered

Bookrunners’ comments:

This was the issuer’s debut in the ...

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