"Holding – AdQ " The 2 billion dollar dual bonds are offered in their third edition
Abu Dhabi, May 7/ WAM/ Abu Dhabi Development Company, Holding, “ADQ”, a sovereign investment company that focuses on investment in basic infrastructure and global supply networks, announced its issuance of 2 billion US dollars, for the third time in international capital markets.
These bonds are expected to contribute to developing the capital of “ADQ” and financing their investment projects to enable them to implement their mission and achieve their long -term growth aspirations.
This version refers to the “ADQ” credit flexibility in light of the fluctuations in the markets currently, while reflecting the heavy demand for bonds the confidence of investors in the Abu Dhabi economy, where the total value of requests exceeded $ 7 billion, which led to the coverage of the subscription, an increase of 3.5 times.
The annual interest of the five -year -old segment, amounting to $ 1 billion, was set at 4.5%, while the annual interest of the ten -year segment, which amounted to one billion US dollars as well, was set at 5%, and thus this version has achieved the lowest return for the five -year category, and the second lowest return for the ten -year -old between “non -Sukuk” bond versions in the Gulf Cooperation Council region to date.
The edition achieved an institutional distribution that included investors in the United States of America, the Middle East, the United Kingdom, Europe and Asia, in which the “ADQ” Holding achieved the widest distribution so far, while the value of the deal has decreased by 30 basis points from the first pricing estimates to the final pricing.
Marcus de Kawadros, CEO of the Group’s Financial Affairs in “ADQ”, expressed his happiness with the extensive diversity of the investor base and the strong level of the surplus subscription in both SIMEs, noting that the success of this version reflects the confidence of global investors in the credit power of “ADQ” and their constant appreciation for its presentations in this field, in addition to their view Positive towards the stability of the Abu Dhabi economy and its future horizons, explaining that there is a great demand for the issues of bonds with attractive foundations in the current market environment.
In September 2024, the Holding Holding was completed by the issuance of its second bonds, as the double offering included 7 years and 30 years of bonds, and achieved subscription coverage that increased by 4.1 times.
As of December 31, 2024, the company’s total assets amounted to $ 251 billion, with an annual growth rate of 23% over a period of three years.
The company focuses on investing in the basic infrastructure and global supply networks, and has stakes in more than 25 companies affiliated with it and operates within 8 economic sectors covering major axes in the economy of Abu Dhabi.
It is noteworthy that the “AA2” credit rating from Moody’s and credit rating from “Fitch”, with a stable future look.
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