Abu Dhabi National Oil Company (Adnoc) has hired banks ahead of a planned three-part bond sale, fixed income news service IFR reported.
Acting through primary debt capital markets subsidiary Adnoc Murban, Abu Dhabi's flagship oil company has picked JP Morgan and Morgan Stanley as global coordinators to arrange investor meetings from September 2, IFR said.
BofA Securities, Citi and First Abu Dhabi Bank have been selected as active bookrunners while Abu Dhabi Commercial Bank, HSBC, Mizuho and SMBC Nikko are acting as passive bookrunners.
The oil company plans to issue benchmark-sized US dollar denominated senior unsecured bonds with five, 10 and 30-year terms, IFR added. -Reuters