UAE Sells $1.5 Billion in Debt in First Deal Since September
- Oil-rich nation, rated same as UK, sold 10-year debt
- UAE’s only sold Eurobonds three times before as federal entity
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The United Arab Emirates sold its first Eurobonds since September, offering investors 10-year dollar debt.
The country priced $1.5 billion with a spread 60 basis points above the US Treasury curve, after demand exceeded $5.75 billion, according to a person familiar with the matter.