Abu Dhabi Ports $1-billion bond successful
ABU DHABI, 9 hours, 23 minutes ago Abu Dhabi Ports has successfully issued $1 billion 10 year bonds (The Notes) under its recently established Euro Medium Term Note Programme (EMTN Programme), to be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX). The issuance was more than 4.5 times over-subscribed at its peak. The Notes mature on May 6, 2031 and carry a coupon of 2.5% per annum. Proceeds will be used for general corporate purposes and debt refinancing. The settlement of the offering is expected to occur on 6 May 2021 and is subject to customary settlement conditions.
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The licence was issued to provide services to Saadiyat Island, including Saadiyat Beach, and Saadiyat Cultural District
by Gulf Business
April 18, 2021
The Abu Dhabi Department of Energy (DoE) issued its first district cooling (DC) licence to the Saadiyat Cooling LLC (SCL), which serves Saadiyat Island, including Saadiyat Beach, and Saadiyat Cultural District.
According to the DoE’s statement, reported by state news agency WAM on Thursday, a second license will be issued in the coming weeks to Saadiyat District Cooling LLC (SDCL), which serves New York University Abu Dhabi.
The licenses comes following the DoE’s issuance of the District Cooling Regulations and the District Cooling Applicability Regulations, approved by the Abu Dhabi Government in September 2019, reportedly making Abu Dhabi the first jurisdiction in the Middle East and North Africa region to set up a comprehensive regulatory framework for district cooling.