The 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 of $3 billion aggregate principal amount of 2.500% notes due 2022, $4 billion aggregate principal amount of 3.125% notes due 2027 and $3 billion aggregate principal amount of 4.125% notes due 2047.

The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak, European counsel John Taylor and associate Ida Araya-Brumskine. Partner John D. Paton, counsel Alon Gurfinkel and associate Veronica Orecharova provided U.S. tax advice. Partner Jonathan Cooklin and associate Dominic Foulkes provided U.K. tax advice. All members of the Davis Polk team are based in the London office.