{"id":103440,"date":"2025-05-08T00:00:00","date_gmt":"2025-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adq-takes-third-global-debt-market-issuance-to-market\/"},"modified":"2025-05-08T00:00:00","modified_gmt":"2025-05-08T00:00:00","slug":"adq-takes-third-global-debt-market-issuance-to-market","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/08\/adq-takes-third-global-debt-market-issuance-to-market\/","title":{"rendered":"ADQ takes third global debt market issuance to market"},"content":{"rendered":"

A<\/strong>bu <\/strong>Dhabi sovereign wealth fund ADQ priced a <\/strong>dual-tranche USD 2 bn bond<\/a><\/strong> at a spread tightened 30 points from initial guidance, drawing in USD 7 bn in orders, according to a press release<\/a>. <\/p>\n

The bonds were priced at among the lowest yields for non-sukuk bonds in the GCC so far this year<\/strong>, with the USD 1 bn five-year tranche priced at a spread of 85 basis points over US Treasuries, the lowest for a five-year tranche in the region so far, and the USD 1 bn ten-year tranche priced at 95 basis points, which is the second-lowest. Spreads for both tranches were tightened by 30 basis points from initial guidance. <\/p>\n

Background: <\/strong>The five-year tranche is priced with a 4.5% coupon, while the 10-year tranche carries a coupon rate of 5% per annum. The notes will be listed on the London Stock Exchange.<\/span><\/p>\n

Who\u2019s buying?<\/strong> Investor interest was broad-based, with participation from Asia, the US, the Middle East, the UK, and Europe. The transaction marked ADQ\u2019s widest distribution to Asian investors so far. <\/p>\n

Where the money\u2019s going: <\/strong>ADQ will use the proceeds for general growth capital and to keep powering its long-term plan.<\/p>\n

REMEMBER-<\/strong> This is ADQ\u2019s third time tapping international debt markets since it launched its Global Medium Term Note Program, which aims to diversify its funding<\/a> sources for future acquisitions. Its debut USD 2.5 bn<\/a> issuance in May 2024 pulled in USD 11 bn in orders (4.4x oversubscribed), followed by a USD 2 bn<\/a> offering in September 2024 that saw USD 8 bn in bids (4.1x).<\/p>\n","protected":false},"excerpt":{"rendered":"

The notes will be listed on the London Stock Exchange<\/p>\n","protected":false},"author":1,"featured_media":103441,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[72,1391,68,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-adq","tag-debt","tag-debt-watch","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"8b1d5616-33ca-46b4-adaf-2d75ad62018c","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/2147.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADQ prices USD 2 bn bond, its third global debt market issuance","related_issue":[103433],"teaser":"The notes will be listed on the London Stock Exchange","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.6b926c06-0db6-4db1-8c3d-ba7177eda14a.mp3"},"yoast_head":"\nADQ takes third global debt market issuance to market - 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