New Issue: Dubai prices $750 million 5% notes due 2029 at par

By Christine Van Dusen

Atlanta, April 22 - Dubai sold $750 million 15-year notes at par to yield 5%, or mid-swaps plus 177.1 basis points, a market source said.

Dubai Investment Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Standard Chartered Bank were the bookrunners for the Regulation S deal.

Issuer:	Dubai
Amount:	$750 million
Maturity:	April 30, 2029
Description:	Senior notes
Bookrunners:	Dubai Investment Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, Standard Chartered Bank
Coupon:	5%
Price:	Par
Yield:	5%
Spread:	Mid-swaps plus 177.1 bps
Trade date:	April 22
Settlement date:	April 30
Distribution:	Regulation S

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