Abu Dhabi Securities Exchange (ADX), one of the fastest-growing exchanges in the world, announced today the secondary listing of the Abu Dhabi Development Holding Company’s (ADQ) $2.5 billion bond, firstlisted on the London Stock Exchange (LSE) in April 2024. The dual tranche bond, comprising a five-year $1.25 billion tranche and a ten-year $1.25 billion tranche, underscores ADX’s position as a diversified capital marketand a dynamic platform for global investors.

The bond issuance had beenmet with significant local and international investor demand and was oversubscribed4.4 times, highlighting investor confidence in ADQ’s robust credit profile and the economic stability and prospects of Abu Dhabi.

Abdulla Salem Alnuaimi, Group CEO of ADX, said:“We are delighted to host the secondary listing of ADQ’s $2.5 billion bond on ADX and play a part in supporting ADQ’s growth strategy and bolsteringthe development of Abu Dhabi’s economy.As one of the key pillars of the Emirate’s capital market, ADX will continue to provide an agile and dynamic investment platform and market infrastructure to enable companies like ADQ to achieve their objectives and further Abu Dhabi’s economic diversification agenda.”

As an asset owner mandated to contribute to the sustainable development of Abu Dhabi’s economy, ADQ supports its portfolio companies in laying the foundations for future listings to optimize the funding structure and uphold best-in-class corporate governance. As of July 2024, ADQ’s portfolio encompassed eight companies listed on ADX, namely TAQA, AD Ports Group, Agthia Group, Emirates Steel Arkan, PureHealth, E7 Group, Modon Holding, and Abu Dhabi Aviation.

With this listing, the number of debt instruments listed on ADX reaches 60.

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