"ADNOC" It successfully completed the first issuance of international instruments of $ 1.5 billion
Abu Dhabi, May 6/ WAM/ ADNOC Marban Scock Limited, “Exporting Company”, has successfully completed the launch of its first version of the instructions of sukuk compatible with the provisions of Islamic Sharia for the purpose of financing by borrowing from the global financial markets (“Sukuk”), as part of its international instrument program (“The Program”).
The company “ADNOC Mrban RSC Ltd.” (“ADNOC Marban”) is the fully owned by Abu Dhabi National Oil Company (ADNOC) A.A. “ADNOC”, which is committed to the sukuk and the main credit and exporting company in the global capital markets of the “ADNOC” group.
The sukuk in the international stock market on the London Stock Exchange was issued with a basic value of $ 1.5 billion to be worth 6 May 2035, and an annual profit rate of 4.75% is semi -annual.
The edition witnessed a great interest from investors in the basic Islamic investment markets, which confirms the market confidence in the exceptional credit quality of ADNOC and its flexible strategy through commodity prices.
The release was successfully priced on April 28, 2025 at one of the lowest margins of the new version of the bonds compatible with Islamic law in the region, and at the lowest margin of price ever in the region for the bonds of companies issued in the dollar, which extends the period of entitlement to ten years.
This successful 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 ADNOC Global Merban bonds in September 2024, and to the “Green Fund” agreement signed in June 2024.
The “ADNOC” group will use the net revenue for issuing sukuk for general purposes for the company.
ADNOC Marban obtained the “AA2” classification of Moody’s Investor Services (“Moody’s”) and “AA” rating from Standard & Poor’s, and “AA” rating from the Fitch Credit Code (“Fitch”) in line with the categories granted to ADNOC (the government of the Emirate of Abu Dhabi).
The sukuk obtained an initial “AA2” rating from Moody’s and “AA” classification from Fitch.
Standard Charterd alone performed the mission of the Global Coordinator and the joint structure of the sukuk.
The Dubai Islamic Bank, Dubai Islamic Bank, and Abu Dhabi First Bank played the role of the main books of the books responsible for issuing sukuk and the 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, the 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.
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