Today's Edition
ABU DHABI (WAM)
The Abu Dhabi Securities Exchange (ADX) on Wednesday announced the listing of bonds issued by the Abu Dhabi government worth $5 billion.
The exchange said in a circular on Wednesday that the listing will be in three tranches, starting on Friday (June 21).
According to the pricing terms list, the first tranche will be for bonds worth $1.75 billion with a fixed rate of 4.875 percent maturing in 2029, while the second tranche will be for bonds worth $1.5 billion with a fixed rate of 5 percent maturing in 2034, and the third tranche will be for bonds worth $1.75 billion with a fixed rate of 5.5 percent maturing in 2054.
