Abu Dhabi National Oil Company (ADNOC) PJSC has announced that its wholly-owned subsidiary, ADNOC Murban RSC Ltd (ADNOC Murban), the lead issuer and debt capital markets rating entity for the ADNOC Group, has successfully completed its initial public offering of notes. has priced under the title

According to Amac News: In the announcement of Abu Dhabi National Oil Company, it is stated that its newly established Global Medium Term Note (GMTN) program has been priced in three parts with a total amount of 4 billion dollars.
According to the announcement, the first part of the notes due on September 11, 2029, in the total amount of one billion dollars, will be issued with a coupon of 4.250%.
A second tranche of notes due September 11, 2034 will be issued in an aggregate amount of $1.5 billion with a coupon of 4.500 percent.
A third tranche of notes due September 11, 2054, totaling $1.5 billion, will be issued with a coupon of 5.125 percent.
The net proceeds from the issuance will be used by ADNOC Group for general corporate purposes. All tranches of the notes are expected to be issued and listed on the London Stock Exchange (LSE) on September 11, 2024.