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19-Apr-2016

Abu Dhabi plans bond issue

Abu Dhabi is planning to issue bonds for the first time in more than seven years. The emirate will hold meetings with fixed-income investors in UAE, Europe and US starting on 19 April. Abu Dhabi last tapped investors with a bond in April 2009, selling USD1.5 billion in 10-year securities. The emirate has the third-highest investment-grade rating from Standard & Poor’s. (Bloomberg)

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