Adnoc’s first bond sale raises $4bn

AGBI

Adnoc’s first bond sale raises $4bn

Maturities of five, 10 and 30 years Fitch rating of AA Sale comes as oil price drops Abu Dhabi’s state oil giant, Adnoc, launched its first-ever bond sale on Wednesday, raising $4 billion through its wholly-owned primary debt-capital market funding vehicle, Adnoc Murban. The company offered three benchmark-size, dollar-denominated treasuries with maturities of five, 10 and 30 years. Adnoc sold $1 billion of five-year bonds, $1.5 billion of 10-y…