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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
IGC
FNCL
PRCD
ADQABU
Abu Dhabi Developmental Holding Co PJSC (ADQ)-
2EMEA
Sep 25, 2024
currency
USD
size (m)
1,000.000
maturity
Oct 2, 2031
type
Fixed
tenor
7.000
call
-
registration
144A/Reg S (Cat 2)/3(c)(7)
benchmark
Tsy
ranking
Sr. Unsecured
moody's
Aa2
s&p
AA
fitch
-
re-open/tap
No
ipt
T+115a
ipt-pxd
-
guidance
T+90-95
spread
85
coupon
4.375%
spread set
-
price
99.35700
yield
4.483%
book size (m)
4,250
peak book (m)
-
x-covered
4.25
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,250
peak book (m)
-
x-covered
4.25
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
currency
USD
size (m)
1,000.000
maturity
Oct 2, 2054
type
Fixed
tenor
30.000
call
-
registration
144A/Reg S (Cat 2)/3(c)(7)
benchmark
Tsy
ranking
Sr. Unsecured
moody's
Aa2
s&p
AA
fitch
-
re-open/tap
No
ipt
T+150a
ipt-pxd
-
guidance
T+125-130
spread
120
coupon
5.250%
spread set
-
price
98.79400
yield
5.331%
book size (m)
4,000
peak book (m)
-
x-covered
4
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
4,000
peak book (m)
-
x-covered
4
book attrition
-
nic
-
billing & delivering
active leads
joint leads
-
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
Book size: 4250; Registration: 144A/Reg S (Cat 2)/3(c)(7); Book size: 4000; Registration: 144A/Reg S (Cat 2)/3(c)(7);
Deal Comments
Abu Dhabi Developmental Holding Co PJSC “ADQABU” (exp Aa2/AA Moody’s / Fitch) US$2bn 144A 3(c)(7)/Reg S CAT 2-part senior notes (7yr due 10/2/31; 30yr due 10/2/54). 3mo par call on 7yr; 6mo par call on 30yr. Via global coordinators: ADCB/BofA/BOC/BNPP/FADB/JPM (B&D)/MIZUHO. English law. Pricing 09/25. Settles 10/2 (T+5). IPT: 7yr T+115a; 30yr T+150a. GUIDANCE: 7y T+90-95; 30y T+125-130. FINAL TERMS: 7y $1bn at T+85; 30y $1bn at T+120. PRICED:$1bn 4.375% 10/2/31 99.357 4.483% T+85.$1bn 5.250% 10/2/54 98.794 5.331% T+120.

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