Abu Dhabi plans to issue US dollar-named securities this year, three sources acquainted with the issue stated, its first since 2017, as the oil-rich emirate looks to exploit low rates to offset the effect of falling oil costs. The legislature has refreshed its bond program documentation and plans to raise the financing before the part of the bargain, said one of the sources, including that a bond arrangement of at any rate $1 billion was likel....
Tags : United Arab Emirates, UAE, Abu Dhabi, OPEC, First Abu Dhabi Bank, HSBC, Bank of America Merrill Lynch, Citi, J.P Morgan, Organization of the Petroleum Exporting Countries,
comments (0)