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English news

09-Dec-2018

Abu Dhabi meets bond investors in non-deal roadshow

Abu Dhabi held meetings with international bond investors in a so-called non-deal roadshow before a potential bond issue next year, sources familiar with the matter said, as a recent drop in oil prices might prompt Gulf countries to borrow soon. Representatives of the Abu Dhabi government met investors in Frankfurt, London, Boston and New York about a week ago, one of the sources said. Oil-rich Abu Dhabi, which last year raised USD10bn in bonds, has been in talks with investors at various stages this year, banking sources previously said, but a rise in oil prices meant the emirate felt no urgency to borrow. 
 
 

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