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Wednesday, October 18, 2017 16:54 GMT
Abu Dhabi National Oil Co (ADNOC) is expected to issue as early as this week a project bond in the region of US$3 billion, in what would be the United Arab Emirates oil major's first public debt issue, sources familiar with the matter said on Tuesday. The bond, with a maturity longer than 10 years, would be sold by one of ADNOC's subsidiaries, not by the holding company. State-owned ADNOC, which manages almost all the proven oil reserves in the UAE, has mandated banks including Bank of...More