Abu Dhabi Development Holding Company (ADQ) has announced the successful pricing of its second bond issue by publishing a statement.
Publish dateFriday 27 September 2024 - 00:18
According to Amac News: ADQ's statement said that the $2 billion bond to be listed on the London Stock Exchange (LSE) is after ADQ's first debt capital market release in May 2024.
According to the statement, the new issuance of financing will further diversify ADQ to help finance strategic growth initiatives within the group and create ADQ's long-term credit curve for investors.
Earlier this year, ADQ completed its $2.5 billion inaugural bond offering, which has a primary listing on the LSE Stock Exchange and a secondary listing on the Abu Dhabi Stock Exchange (ADX).
As of June 30, 2024, ADQ had total assets of $225 billion. ADQ has stakes in more than 25 portfolio companies covering key sectors of the Abu Dhabi economy.
ADQ is rated by Moody's and AA by Fitch, both of which have a stable outlook.
According to the statement, the new issuance of financing will further diversify ADQ to help finance strategic growth initiatives within the group and create ADQ's long-term credit curve for investors.
Earlier this year, ADQ completed its $2.5 billion inaugural bond offering, which has a primary listing on the LSE Stock Exchange and a secondary listing on the Abu Dhabi Stock Exchange (ADX).
As of June 30, 2024, ADQ had total assets of $225 billion. ADQ has stakes in more than 25 portfolio companies covering key sectors of the Abu Dhabi economy.
ADQ is rated by Moody's and AA by Fitch, both of which have a stable outlook.
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Source : news agency wam
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