Emirate of Abu Dhabi $10 Billion Notes Offering

Davis Polk advised the dealers and joint lead managers in connection with the update by the Emirate of Abu Dhabi of its global medium-term note program and a Rule 144A/Regulation S offering thereunder of $3 billion aggregate principal amount of 2.125% notes due 2024, $3 billion aggregate principal amount of 2.500% notes due 2029 and $4 billion aggregate principal amount of 3.125% notes due 2049.

The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak, European counsel John Taylor and associate James Harmer. Counsel Alon Gurfinkel and associate Summer Xia provided U.S. tax advice. Partner Jonathan Cooklin and associates Dominic Foulkes and Rosie Upstill provided U.K. tax advice. All members of the Davis Polk team are based in the London office.