Abu Dhabi selects banks for potential issue

Abu Dhabi has mandated banks to arrange a series of fixed income investor conference calls ahead of a potential triple-tranche US dollardenominated bond issue, a document issued by one of the banks leading the deal showed yesterday.

A 144A/Regulation S senior unsecured benchmark offering will follow, subject to market conditions, with maturities of five, 10 and 30 years. Abu Dhabi has hired BofA Merrill Lynch, Citi, First Abu Dhabi Bank, HSBC and JP Morgan as joint lead managers and joint bookrunners to arrange the calls. (Reuters)