Davis Polk advised the Dealers in connection with the preparation of a new global medium-term note program (the “Program”) by the Emirate of Abu Dhabi (the “Issuer”).

Davis Polk also advised the Dealers in connection with the Issuer’s offering under the Program of $2.5 billion aggregate principal amount of 2.125% notes due 2021 and $2.5 billion aggregate principal amount of 3.125% notes due 2026 pursuant to Rule 144A and Regulation S.

The Davis Polk corporate team included partner Reuven B. Young, counsel Radoslaw Michalak, European counsel John Taylor, and associate Michael D. Arena. 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.