{"id":108024,"date":"2025-10-01T00:00:00","date_gmt":"2025-10-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/abu-dhabi-raises-usd-3-bn-in-oversubscribed-dual-tranche-bond-sale\/"},"modified":"2025-10-01T00:00:00","modified_gmt":"2025-10-01T00:00:00","slug":"abu-dhabi-raises-usd-3-bn-in-oversubscribed-dual-tranche-bond-sale","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/10\/01\/abu-dhabi-raises-usd-3-bn-in-oversubscribed-dual-tranche-bond-sale\/","title":{"rendered":"Abu Dhabi raises USD 3 bn in oversubscribed dual-tranche bond sale"},"content":{"rendered":"

Abu Dhabi<\/strong> has issued USD 3 bn in USD-denominated bonds<\/strong> in a dual-tranche offering that saw strong international investor interest, according to the Abu Dhabi Media Office<\/a>. The issuance saw USD 18.5 bn in orders and was more than five times oversubscribed.<\/p>\n

(**Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

At a record spread: <\/strong>The first tranche of USD 1 bn notes carries a three-year maturity date representing a 10 bps spread over comparable US Treasuries, while the second USD 2 bn tranche will mature after 10 years and has a 18 bsp spread over 10-year US Treasuries. The spread is about 94% below the average risk premium for emerging markets, Bloomberg<\/a> reports. <\/p>\n

Demand was driven by local and Asian investors<\/strong>, the business news information service adds, which prompted the \u201ctightest-ever 10-year tranche in all of emerging markets,\u201d fixed income portfolio manager at Arqaam Capital Fady Gendy said.<\/p>\n

Solid ratings also help: <\/strong>The emirate holds an AA long-term foreign-currency rating with a stable outlook from both Fitch and S&P.<\/p>\n

ADVISORS- <\/strong>Abu Dhabi Commercial Bank, Emirates NBD Capital, First Abu Dhabi Bank, Bank of China, Citi, Goldman Sachs International, HSBC, ICBC, JP Morgan, Morgan Stanley, SMBC, and Standard Chartered Bank acted as joint lead managers and joint bookrunners.<\/p>\n

REMEMBER- This is Abu Dhabi\u2019s first return to debt mar<\/strong>kets in over a year. <\/strong>Abu Dhabi last tapped into debt markets<\/a> in April 2024 when the emirate raised USD 5 bn through a three-trance eurobond offering. <\/p>\n","protected":false},"excerpt":{"rendered":"

The issuance saw USD 18.5 bn in orders and was more than five times oversubscribed<\/p>\n","protected":false},"author":1,"featured_media":108025,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[1360,215,68,260,7,65],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-108024","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-abu-dhabi","tag-abu-dhabi-commercial-bank","tag-debt-watch","tag-emirates-nbd","tag-enterpriseam-uae","tag-first-abu-dhabi-bank","wpautop","entry"],"acf":{"mongo_id":"86cddc34-6980-4170-936f-0d1ee7a87d89","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/10\/7.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Abu Dhabi raises USD 3 bn in oversubscribed dual-tranche bond sale","related_issue":[108017],"teaser":"The issuance saw USD 18.5 bn in orders and was more than five times oversubscribed","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.1d2ca520-13a9-41d7-8bd8-db82449ff011.mp3"},"yoast_head":"\nAbu Dhabi raises USD 3 bn in oversubscribed dual-tranche bond sale - 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