"ADNOC" It successfully complements the pricing of the first version of its new international instrument program

Abu Dhabi, April 29/ WAM/ ADNOC Marban Scock Limited Company, “The Exporting Company”, a company with a “special purpose” was established with the aim of issuing the certificates of Sukuk, its success in completing the pricing of the first proposal of the instructions of the Sukuk “Sukuk” compatible with the provisions of Islamic Sharia, within the program of the international sukuk that it recently established “the program” with a basic value of 1.5 billion dollars, and what represents The largest proposal globally for institutional instruments with “AA” classification.

The committed party will be the instrument of the company, “ADNOC MRSC, Ltd.” ADNOC Mirban “, which is fully owned by the Abu Dhabi National Oil Company” ADNOC “A.A.” ADNOC “, where” ADNOC Marban “is the main credit and export of the debt bonds in the global capital markets of the” ADNOC “group.

The sukuk will be issued according to one segment, with a basic value of $ 1.5 billion, which is due on May 6, 2035, with an annual profit rate of 4.75% that is paid annually.

The sukuk was successfully priced at one of the slightest new issuance margins of the bonds compatible with Islamic law in the region, and at the lowest margin of price at all in the region for the bonds of companies issued in the dollar for a period of ten years, thanks to the great interest of investors in the basic Islamic investment markets, and that confirms the market confidence in the “exceptional credit quality” ADNOC “and its flexible strategy via Commodity courses.

This version represents a strategic opportunity to diversify the sources of financing for “ADNOC” and expand the base of its investors, and it is part of a disciplined financing strategy based on the first version of the international “ADNOC Mirban” bonds in the mid -term in September 2024, and to the agreement to facilitate the “green financing” signed in June 2024. It is planned to issue the sukuk on May 6 2025 and include them in the international stock market On the London Stock Exchange.

ADNOC Mirban obtained the “AA2” classification from “Moody’s Investor Services” “Moody’s”, “AA” classification from “Standard & Poor’s”, and the “AA” classification from “Fitch Credit Code “AA2” from “Moody’s” and “AA” classification from “Fitch”.

The “Standard Charterd” was singled out the mission of the Global Coordinator and the joint structure bank of the Sukuk, while the “Abu Dhabi Islamic Bank”, Dubai Islamic Bank, and “Abu Dhabi First Bank” played the role of the main notebook managers responsible for issuing sukuk, and its joint structure banks.

The Emirates NBD Capital, Abu Dhabi Commercial Bank, Mitsubishi UFG, Morgan Stanley, the mission of the main notebook managers responsible for the issuance, while both Beitk Capital, Sharjah Islamic Bank, Sumitomo Mitsoy Banking Company “SBC” and the Islamic Corporation for the Development of the Sector Special “on the task of notebook managers responsible for issuing sukuk.

It is noteworthy that this transaction will be subject to the usual conditions of closure.

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