Abu Dhabi's ADQ lists inaugural $2.5bn bond on LSE, diversifying funding sources and achieving 4.4x oversubscription.
Abu Dhabi's ADQ lists its inaugural $2.5bn bond on London Stock Exchange, marking a step in diversifying funding sources and supporting strategic growth. The bond issuance, garnering significant interest, achieved an oversubscription of 4.4 times with a combined order book of $11bn. The annual coupon rates for the five-year and ten-year tranches were set at 5.498% and 5.5565% respectively, attracting major investors globally.
May 02, 2024
4 Articles