TDIC plans 5 year dollar bond

25 June 2009

Abu Dhabi's Tourism Development & Investment Co. (TDIC) plans to offer five-year benchmark US dollar bonds to fund its projects, Bloomberg reported, citing a banker familiar with the transaction. The bond may be priced to yield 400 basis points over similar maturity US Treasuries, said the banker, who declined to be identified because the deal is private. BNP Paribas SA, Citigroup Inc., HSBC Holdings Plc and Standard Chartered Bank are managing the deal, according to the source.

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