ADX lists $5bln bonds issued by Abu Dhabi Government

The exchange said in a circular today that the listing will be in three tranches, starting on Friday, 21st June

Staff Writer, WAM (Emirates News Agency)

June 19, 2024

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The Abu Dhabi Securities Exchange (ADX) today announced the listing of bonds issued by the Abu Dhabi government worth US$5 billion.

The exchange said in a circular today that the listing will be in three tranches, starting on Friday, 21st June.

According to the pricing terms list, the first tranche will be for bonds worth US$1.75 billion with a fixed rate of 4.875 percent maturing in 2029, while the second tranche will be for bonds worth US$1.5 billion with a fixed rate of 5 percent maturing in 2034, and the third tranche will be for bonds worth US$1.75 billion with a fixed rate of 5.5 percent maturing in 2054.

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