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Abu Dhabi's ADNOC to launch $4 billion 3-part bond sale, IFR reports

BY Reuters | CORPORATE | 09/04/24 11:39 AM EDT

Sept 4 (Reuters) - Abu Dhabi National Oil Company (ADNOC), through debt unit ADNOC Murban, is set to launch the $4 billion, 3-part bond sale it was marketing earlier in the day, fixed-income news service IFR reported on Wednesday.

It has given final terms for a sale of $1 billion in five-year notes at 70 basis points over U.S. Treasuries, $1.5 billion in 10-year tranche at 85 bps, and another $1.5 billion 30-year portion at 115 bps over the same benchmark, IFR said.

JPMorgan and Morgan Stanley are global coordinators for the debt sale. BofA Securities, Citi and First Abu Dhabi Bank are active bookrunners while Abu Dhabi Commercial Bank, HSBC, Mizuho and SMBC Nikko are passive bookrunners. (Reporting by Shamsuddin Mohd; Editing by Jan Harvey)

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