Abu Dhabi Ports issues $1bn 10-year bond

Abu Dhabi Ports issues $1bn 10-year bond

Abu Dhabi Ports has issued $1bn 10 year bonds under its recently established Euro Medium Term Note Programme, which will be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX).

The issuance was more than 4.5 times oversubscribed at its peak, noted a press statement issued by the Abu Dhabi Media Office.

The settlement of the offering is expected to occur on May 6, 2021, and is subject to customary settlement conditions. The Notes mature on May 6, 2031, and carry a coupon of 2.500 per cent per annum.