Abu Dhabi says its bond offering was oversubscribed by more than 6 times.
Organization of the Petroleum Exporting Countries kingpin Saudi Arabia last week raised $7 billion in a bond sale, while gas-rich Qatar sold bonds worth $10 billion two weeks ago.
The transaction contained 3 tranches – a $2-billion 5-year tranche, a $2-billion 10-year segment, and a 3rd tranche of $3 billion maturing after 30 years – the Abu Dhabi department of finance said in a statement.
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