Abu Dhabi Ports raises $1bn through bond issuance

SourceThe National
SectorTransport
CountryUAE

Abu Dhabi Ports raised $1 billion through the issuance of a 10-year bond that will be listed in London and Abu Dhabi.

The bond issued under its recently established Euro Medium Term Note Programme was more than 4.5 times oversubscribed, according to a statement from Abu Dhabi Ports on Thursday.

“The global investor response to Abu Dhabi Ports’ first joint Note Programme on the London Stock Exchange and Abu Dhabi Security Exchange has been very strong… with orders placed by over 200 institutional investors from 35 countries, including sovereign wealth funds, central banks, insurers, corporate treasuries and asset managers,” said Mohamed Juma Al Shamisi,

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