ADX lists $10 billion Abu Dhabi Global Medium Term Notes

By DG Staff

 ABU DHABI 7 October 2019:  The Abu Dhabi Securities Exchange Sunday listed the Emirate of Abu Dhabi Global Medium Term Note Programme total amount of US$ 10,000,000,000 in three tranches, according to ADX’s official website.

Demonstrating strong investor confidence in its solid credit fundamentals, the Emirate of Abu Dhabi on 23rd September 2019 successfully priced a US$10 billion multi-tranche international bond offering.

The transaction comprised three tranches: (i) US$3 billion -2.125 percent- due in 2024, which priced at 65 bps over US Treasuries; (ii) US$3 billion -2.500 percent- due in 2029, which priced at 85 bps over US Treasuries; and (iii) US$4 billion – 3.125 percent- due in 2049, which priced at 110 bps over US Treasuries, said Wam.

The bonds were well received in the international debt capital markets, with the order book peaking at over US$25 billion with orders coming from over 650 unique accounts.

Dubai Gazette