Abu Dhabi sells first 30-year bond

Abu_Dhabi2Abu Dhabi sold 30-year bonds for the first time as part of a debt issue that raised a total of $10 billion. The emirate sold $3 billion of 30-year bonds alongside five and ten-year paper. Reports suggest Abu Dhabi had orders of more than $30 billion. Bond investors said the issuance was timed to gather assets before the US Federal Reserve raises interest rates, which some traders expect to happen in December. About a week before Abu Dhabi's issue, Saudi Arabia raised $12.5 billion in the biggest bond sale from an emerging market issuer this year. With its large oil reserves, Abu Dhabi is considered a trustworthy borrower and has the highest credit rating in the Gulf region. ©2017 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.


ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.


Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.