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Adnoc delays Chinese ‘dim sum’ bonds
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Adnoc delays Chinese ‘dim sum’ bonds
Abu Dhabi National Oil Company has reportedly deferred its first yuan-denominated bond offering because of the Iran conflict. Adnoc was seeking the “right time to secure lower borrowing costs, but the process has been paused”, Bloomberg reported, quoting unidentified sources. Borrowers tend to adjust their plans in line with market conditions, the report said. Last month the news agency reported that Adnoc was looking to raise up to 14 billion y…
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