Revised guidance earmarks the dollar bond with a five year lifespan to price at 75 basis points over midswaps, while the ten year offering has been set in the range of 90-95 bps over midswaps, the document said.
This represents a drop from the initial price thoughts of 80 bps and 100-110 bps over the same benchmarks respectively issued earlier on Wednesday.
Tightened pricing for the 7-year euro tranche is in the range of 80-85 bps over midswaps, while the 12-year euro bond is at 110-115 bps over midswaps, the document said.
This is inside initial guidance for the euro bond tranches of 100 bps for the seven-year and 125 bps for the 12-year.
Investor orders worth around $7.3 billion have been placed for the dollar portions and about 7.9 billion euros for the euro offering by the United Arab Emirates' largest telecom operator, the latest document said.