Abu Dhabi - Mubasher: Abu Dhabi Securities Exchange (ADX) has listed the $1 billion bonds issued by Abu Dhabi Ports with a coupon of 2.5% per annum.
To be matured on 6 May 2031, the 10-year bonds were 4.5 times oversubscribed, according to a press release on Thursday.
The listing of Abu Dhabi Ports' bonds came following the listing of EUR 1.1 billion bonds on ADX in April, issued by Mamoura Diversified Global Holding, a debt issuing entity of Mubadala Investment Company.
The CEO of ADX, Saeed Hamad Obaid Al Dhaheri, commented: "This year, we have seen a significant increase in liquidity and an acceleration in the growth in market capitalisation, which has made the ADX the second-largest market in the MENA region."
Meanwhile, the Group CEO of Abu Dhabi Ports, Mohamed Juma Al Shamisi, said: "Our recent bond issuance attracted strong global interest, achieving the lowest coupon by an Abu Dhabi government-owned entity for a 10-year tenor."
