"Holding" (ADQ) announces the completion of a financing deal worth $5 billion from Asian financial institutions
Abu Dhabi, December 24, 2017 – ADQ, a sovereign investment company focused on investing in core infrastructure and global supply chains, today announced the completion of its first five-year syndicated financing deal worth US$5 billion in the Greater China region.
Funding coverage, thanks to strong demand from financial institutions in China, exceeded approximately US$12 billion, three times the original launch size of US$4 billion. As a result, ADQ increased the deal size to US$5 billion.
The strong demand for this financing reflects the extent of investor confidence in ADQ’s credit portfolio, its strong financial position, and its distinguished international reputation. The loan will contribute to diversifying ADQ’s financing sources, enhancing its liquidity, and achieving the necessary flexibility to benefit from promising investment opportunities.
This credit facility represents the largest fixed-term loan to date to a borrower from the Middle East region obtained from Asian financial institutions, which reflects ADQ’s ability to benefit from available capital in different countries and the increasing cooperation of Asian banks and lending institutions with prestigious issuers in the UAE.
Marcos de Quadros, Group Chief Financial Officer at ADQ, said: “We are pleased to complete our first syndicated loan in the Greater China region, which witnessed strong participation from leading financial institutions in China. The volume of interest reflects the continued confidence in our strong credit rating, distinguished financial management, and the structured and diversified financing approach that ADQ pursues in all its banking transactions.”
Six global coordinating institutions participated in the deal, including the Bank of China branch in Dubai, DBS Bank Ltd, the Hong Kong and Shanghai Banking Corporation Limited, the Industrial and Commercial Bank of China Limited (DIFC Branch), Standard Chartered Bank (Hong Kong) Limited, and JP Morgan Securities PLC.
ADQ obtained pledges from more than 30 leading financial institutions in the Greater China region, which reflects the strong level of market interaction with the deal and the broad interest from investors.
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