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Press Dossier   News Category    Economy    Abu Dhabi’s ADQ lists debut $2.5bn bonds on London Stock Exchange

Arab News, Sun, May 05, 2024 | Shawwal 26, 1445

Abu Dhabi’s ADQ lists debut $2.5bn bonds on London Stock Exchange

Emirates: The smallest of three Abu Dhabi sovereign wealth funds ADQ has listed a dual tranche $2.5 billion bond on the London Stock Exchange, the fund said in a statement. 

The fund sold a $1.25 billion five-year portion at 80 basis points over US Treasuries and another $1.25 billion 10-year tranche at 90 bps over the same benchmark, fixed income news service IFR reported. 

Citigroup, Credit Agricole, First Abu Dhabi Bank, Goldman Sachs International, HSBC and Standard Chartered were joint global coordinators and active bookrunners on the bond issuance deal. 

The proceeds from the debt sale, which was oversubscribed more than 4.4 times, will diversify ADQ’s funding mix, enhance financial resilience and contribute growth capital.

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