Abu Dhabi talks two-tranche dollar-denominated benchmark-sized notes sale

By Aaron Hochman-Zimmerman

New York, March 30 - The Emirate of Abu Dhabi in the United Arab Emirates plans to issue a dollar-denominated benchmark-sized two tranche bond (Aa2/AA/AA), according to a market source.

The five- and 10-year tranches were talked in the Treasuries plus 425 bps area and the Treasuries plus 437.5 bps area, respectively.

The bonds are expected to price mid-week.

Citigroup, Deutsche Bank and JPMorgan will act as bookrunners for the Rule 144A and Regulation S deal.

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