It includes a medium-term tranche.. and another 30-year Formosa bonds

“Finance” intends to offer two-tranche dollar-denominated sovereign bonds for subscription

The UAE government, represented by the Ministry of Finance, announced its intention to offer a package of dual-tranche sovereign bonds, denominated in US dollars, for subscription.

The bond package will include a 10-year medium-term tranche and a 30-year dual-listed Formosa tranche.

The 10-year tranche is expected to be offered on the London Stock Exchange (LSE), Nasdaq Dubai, and the 30-year Formosa tranche on the London Stock Exchange (LSE), the Taipei Exchange, and Nasdaq Dubai.

The Ministry of Finance authorized: Abu Dhabi Commercial Bank, Bank of America Securities, Citigroup Global Markets, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, and JP Morgan Securities, Mashreq Bank and Standard Chartered are joint lead managers for the subscription, and it has appointed the Commercial and Industrial Bank of China, as an assistant manager for the subscription, with the aim of taking responsibility for arranging the subscription sessions with international investors.

The second subscription will be offered to the sovereign bonds of the UAE, in accordance with the provisions of Rule 144-A under “Regulation S” of the Securities Act of the United States.

The "Finance" indicated that the UAE was rated "AA-" by Fitch and "AA2" by "Moody's" credit rating agency, with a "stable future outlook" for the national economy, which reflects the strength and flexibility of the country's financial and economic policies. and its global leadership position.

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