DUBAI, Feb 9 (Reuters) - Galaxy Pipeline Assets, owned by a
consortium of investors that took a stake in Abu Dhabi National
Oil Company's (ADNOC) gas pipeline assets, began selling
dual-tranche U.S. dollar-denominated bonds on Tuesday, a
document showed.
It gave initial price guidance of around 2.38% for a tranche
maturing in 12-1/2 to 13-1/2 years and around 3.16% for a
tranche maturing in 19 to 19-3/4 years. The amortising bonds
have a weighted average life of 6-1/2 to 7-1/2 years and 12-1/2
to 13-1/2 years respectively.
Citi, HSBC, Mizuho, First Abu Dhabi
Bank, Santander, SMBC Nikko and
Societe Generale are arranging the deal, expected to
close later on Tuesday.
(Reporting by Yousef Saba; editing by Jason Neely)