The oil-rich UAE has one of the highest credit ratings of any sovereign. It is rated Aa2 by Moody’s Investors Service, the same as the UK and South Korea.
The United Arab Emirates sold its first Eurobonds since September, offering investors 10-year dollar debt.
The country priced US$1.5 billion with a spread 60 basis points above the US Treasury curve, after demand exceeded US$5.75 billion, according to a person familiar with the matter.
