UAE – Mubasher: ADQ, an Abu Dhabi-based investment and holding company, has issued bonds with a total value of $2.50 billion, according to Reuters.

The bonds were issued on 30 April 2024, in two tranches, to diversify the company’s funding sources.

Each of the tranches is valued at $1.25 billion with five- and 10-year maturities.

Citigroup, Credit Agricole, First Abu Dhabi Bank (FAB), Goldman Sachs International, HSBC, and Standard Chartered acted as joint global coordinators and active bookrunners on the bond issuance.

Consolidated Profits in 2023

Earlier in April, Reuters reported that ADQ’s consolidated revenue surged to AED 111.70 billion in 2023 from AED 99.60 billion a year earlier.

The company’s consolidated profit attributable to owners of the company jumped to AED 16.10 billion last year from AED 11.43 billion in 2022.

Last week, ADQ signed a partnership agreement with Australian investor Plenary Group for the acquisition of a 49% stake in the company.