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Abu Dhabi's ADQ tightens guidance for dual-tranche bond, document shows

ReutersApr 29, 2025 1:24 PM

- Abu Dhabi's sovereign wealth fund, Abu Dhabi Developmental Holding (ADQ), has narrowed the price guidance for its dual-tranche bond after receiving over $6 billion in orders, according to a document seen by Reuters on Tuesday.

The price guidance for the five-year tranche has been tightened to 90 basis points over U.S. Treasuries, while the 10-year tranche has been set at 100 basis points over the same benchmark, the document shows.

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