"We are pleased to witness the achievement of the lowest ever coupons by the government of the emirate of Abu Dhabi since the debut issuance in 2007," said Jassem Mohamed Bu Ataba al-Zaabi, chairman of the Department of Finance Abu Dhabi. "The government of the emirate of Abu Dhabi has managed to achieve the tightest 5-, 10- and 30-year coupon for a GCC conventional bond. This reflects on the investors' high confidence in the emirate's wise leadership, continuous focused growth strategy as well as its high buffers." The final geographical allocation for the bonds stood at 78 per cent from international investors and 22 per cent from Middle East investors. BNP Paribas, Citigroup, First Abu Dhabi Bank, HSBC, JP Morgan and MUFG were joint lead managers and joint bookrunners, and Abu Dhabi Commercial Bank and SMBC Nikko were co-lead managers for the offering.