The Abu Dhabi Stock Exchange (ADX) has announced that the secondary listing of Abu Dhabi Development Holding Company's (ADQ) USD 2.5 billion bond will be listed for the first time on the London Stock Exchange (LSE) in April 2024.
ADX welcomes the ADQ Lending Library
news agency wam , 7 Jul 2024 - 10:50
The Abu Dhabi Stock Exchange (ADX) has announced that the secondary listing of Abu Dhabi Development Holding Company's (ADQ) USD 2.5 billion bond will be listed for the first time on the London Stock Exchange (LSE) in April 2024.
According to Amac News: The exchange said that the two-chip loan, which includes a 5-year tranche of $1.25 billion and a ten-year tranche of $1.25 billion, will position ADX as a diversified capital market and a dynamic platform for global capital in has considered it shows.
The issuance of bonds is used with a significant consumption of domestic and international investment and is 4.4 times more than the limit, which indicates the investors' capital to the strong credit profile of ADQ and the economic stability and prospects of Abu Dhabi.
As an asset owner, ADQ is committed to the sustainable development of the Abu Dhabi economy.
As of July 2024, the ADQ portfolio consisted of eight ADX-listed companies, namely TAQA, AD Ports Group, Agthia Group, Emirates Steel Arkan, PureHealth, E7 Group, Modon Holding and Abu Dhabi Aviation.
Story Code: 948