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Abu Dhabi Ports raises $1 billion through 10-year bond issuance


Abu Dhabi Ports raises $1 billion through 10-year bond issuance
30 Apr 2021
Picture used for illustrative purpose.
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 6 May 2031 and carry a coupon of 2.500% 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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Emirates News Agency - Abu Dhabi Ports successfully issues $1 billion 10-year bond


Abu Dhabi Ports successfully issues $1 billion 10-year bond
ABU DHABI, 29th April, 2021 (WAM) Abu Dhabi Ports, rated A+ (stable) by S&P and A+ (stable) by Fitch, has successfully issued US$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 6 May 2031 and carry a coupon of 2.500% 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. ....

Abu Dhabi , Abuz Aby , United Arab Emirates , Standard Chartered Bank , City Of , United Kingdom , Societe Generale , Falah Mohamed Al Ahbabi , Mohamed Juma Al Shamisi , London Stock Exchange , First Abu Dhabi Bank , Abu Dhabi Securities Exchange , Abu Dhabi Security Exchange , Euro Medium Term Note Programme , Dhabi Ports , Joint Global Coordinators , Joint Lead Managers , Joint Bookrunners , Joint Lead , Mohamed Al Ahbabi , Abu Dhabi Ports , Abu Dhabi Government , Juma Al Shamisi , Group Chief Executive Officer , Dhabi Port , Note Programme ,