Abu Dhabi Development Holdings (ADQ), an Abu Dhabi-based investment and holding company, has announced its initial public offering of 2.5 billion dollar in bonds on the London Stock Exchange (LSE).

According to Amac News: The Company said that 2.5 billion dollar bonds are on the agenda as part of diversifying financial resources and supporting strategic.
This release of distribution attracted major investors from all over Asia, the United States, the Middle East, the United Kingdom and Europe.
The proceeds from the offering will serve as growth capital and facilitate further investments in strategic initiatives that will help fulfill ADQ's mission and expand in key sectors and drive economic growth in Abu Dhabi.
Marcos de Quadros, CFO of ADQ, added: "The success of the issuance under our newly established global medium-term note program demonstrates strong investor appetite underpinned by strong market fundamentals. Achieving over 4.4x subscription demonstrates the commercial attractiveness of the acquisition and our work, which effectively balances non-financial impact with strong financial returns.
As of December 31, 2023, ADQ had total assets of $196 billion. ADQ holds stakes in more than 25 portfolio companies covering key sectors of the changing economy. It includes critical infrastructure assets such as water and electricity, transportation, health care, agriculture, and real estate.