UAE - Mubasher: Abu Dhabi Securities Exchange (ADX) welcomed the secondary listing of Abu Dhabi-based investment and holding firm ADQ’s $2.50 billion bond, according to a press release.

The dual-tranche bond, which includes a five-year $1.25 billion tranche and a ten-year $1.25 billion tranche, brings the number of debt instruments listed on ADX to 60.

It also anchors ADX’s position as a diversified capital market and a dynamic platform for global investors.

The bond issuance witnessed local and international investor demand and was oversubscribed 4.4 times, reflecting investor confidence in ADQ’s robust credit profile and economic stability.

Abdulla Salem Alnuaimi, Group CEO of ADX, said: “As one of the key pillars of the Emirate’s capital market, ADX will continue to provide an agile and dynamic investment platform and market infrastructure to enable companies like ADQ to achieve their objectives and further Abu Dhabi’s economic diversification agenda.”

As of July 2024, ADQ’s portfolio included eight companies listed on ADX, namely TAQA, AD Ports Group, Agthia Group, Emirates Steel Arkan, PureHealth, E7 Group, Modon Holding, and Abu Dhabi Aviation.