Order book of USD 6.50 billion, firmly oversubscribing by more than 4 times
Abu Dhabi, UAE, 26 June 2024 – The Ministry of Finance, has successfully closed its offering of a US dollar-denominated 10-year USD 1.50 billion bond, maturing in July 2034. Issued with a yield of 4.857%, the bond represents a spread of 60 basis points over US Treasuries. The bond will be listed on the London Stock Exchange (LSE) and Nasdaq Dubai.
The bond issue attracted high-quality investors, with the order book USD 6.50 billion, firmly oversubscribing by more than 4 times by the final guidance. This overwhelming demand highlights the UAE’s growing appeal to
