Abu Dhabi Launches $10Bn Global Note Program

...oup. Abu Dhabi is using a phased approach, and the initial note offering last week was two tranches of $1.5bn, one maturing in 2014, priced at 400 bps over treasuries and the other in 2019, priced at 420 bps over treasuries. Moody’s estimates that the total envisaged size of the program is $10bn. ME...