Abu Dhabi is set to issue two benchmark USD bonds, Bloomberg reports
Newsquawk Staff ·
- 5-year note offered at a spread +50bps over USTs.
- 10-year note offered at a spread +55bps over USTs.
What it means
Abu Dhabi's planned issuance of USD bonds at spreads of 50bps and 55bps over USTs indicates a focus on leveraging favorable market conditions for sovereign debt. This move could reflect investor appetite for emerging market debt, but the specific spreads will also be key in assessing the demand relative to the U.S. benchmark deals, impacting both risk sentiment and rates across related markets.
Sources
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