ADX welcomes secondary listing of inaugural ADQ $2.5 billion bond

Abu Dhabi Securities Exchange (ADX) announced on Thursday the secondary listing of the Abu Dhabi Development Holding Company’s (ADQ) $2.5 billion bond, first listed on the London Stock Exchange (LSE) in April 2024.

The dual tranche bond, comprising of a five-year $1.25 billion tranche and a ten-year $1.25 billion tranche, was oversubscribed 4.4 times.

Abdulla Salem Alnuaimi, Group CEO of ADX, said, “We are delighted to host the secondary listing of ADQ’s $2.5 billion bond on ADX and play a part in supporting ADQ’s growth strategy and bolstering the development of Abu Dhabi’s economy.

"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 encompassed eight companies listed on ADX, namely TAQA, AD Ports Group, Agthia Group, Emirates Steel Arkan, PureHealth, E7 Group, Modon Holding, and Abu Dhabi Aviation.

With this listing, the number of debt instruments listed on ADX has reached 60.