{"id":91635,"date":"2024-05-03T00:00:00","date_gmt":"2024-05-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/"},"modified":"2024-05-03T00:00:00","modified_gmt":"2024-05-03T00:00:00","slug":"adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/","title":{"rendered":"ADQ makes its USD 2.5 bn bond debut on the LSE"},"content":{"rendered":"

Abu Dhabi sovereign wealth fund ADQ listed its maiden dual tranche bonds <\/strong>on the <\/font><\/strong>London Stock Exchange, pricing them at USD 2.5 bn<\/strong>, according to a statement<\/a>. The bonds include a five-year USD 1.25 bn tranche placed at about 80 basis points (bps) above their counterpart US Treasuries, and a USD 1.25 bn 10-year tranche at 90 bps above, according to Reuters<\/a>.<\/p>\n

The order book was 4.4x oversubscribed with orders surpassing USD 11 bn<\/strong>. The issuance attracted broad institutional interest across Asia, the United States, the Middle East, UK and Europe, according to the statement. The proceeds will be used to expand ADQ\u2019s investments and growth capital in key sectors.<\/span><\/p>\n

REMEMBER-<\/strong> The issuance comes as ADQ is looking to diversify its funding<\/a> sources for future acquisitions. It has recently been exploring various regional investments, with a USD 180 mn tech-focused fund<\/a> in Oman and a landmark USD 35 bn agreement<\/a> with Egypt\u2019s government back in February. It also inked agreements in Kenya worth USD 500 mn<\/a>.<\/p>\n

Advisors:<\/strong> Our friends at HSBC Holdings<\/strong> and First Abu Dhabi Bank<\/strong>, alongside Citigroup<\/strong>, Cr\u00e9dit Agricole<\/strong>, Goldman Sachs International<\/strong>, and Standard Chartered<\/strong> were joint global coordinators and active bookrunners.<\/p>\n","protected":false},"excerpt":{"rendered":"

The bonds were 4.4x oversubscribed, with orders surpassing USD 11 bn<\/p>\n","protected":false},"author":1,"featured_media":91636,"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":[72,29,1391,68],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91635","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-adq","tag-capital-markets","tag-debt","tag-debt-watch","wpautop","entry"],"acf":{"mongo_id":"ad6baf1a-7061-416a-8289-f0a45370d103","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/4\/172.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADQ\u2019s maiden USD 2.5 bn bond lists on London Stock Exchange","related_issue":[91631],"teaser":"The bonds were 4.4x oversubscribed, with orders surpassing USD 11 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.a9a19473-5376-43fd-bded-9eea7f7ec39a.mp3"},"yoast_head":"\nADQ makes its USD 2.5 bn bond debut on the LSE - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ADQ makes its USD 2.5 bn bond debut on the LSE\" \/>\n<meta property=\"og:description\" content=\"The bonds were 4.4x oversubscribed, with orders surpassing USD 11 bn\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-03T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/172.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ADQ makes its USD 2.5 bn bond debut on the LSE\",\"datePublished\":\"2024-05-03T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/\"},\"wordCount\":199,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/4\/172.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ADQ\",\"capital markets\",\"debt\",\"DEBT WATCH\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/03\/adq-makes-its-usd-2-5-bn-bond-debut-on-the-lse\/\",\"name\":\"ADQ makes its USD 2.5 bn bond debut on the LSE - 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