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Abu Dhabi’s TDIC selects banks to sell $1bn in bonds

Abu Dhabi's Tourism Development and Investment Co (TDIC) has selected banks to sell $1bn in bonds from its existing $3bn bond programme with road shows planned in the last week of June or early July, Reuters has reported, citing three unnamed sources. TDIC, which is building the Louvre and Guggenheim museums in Abu Dhabi, is expected to launch a three-stop roadshow in the Middle East, Asia and London, one source said.