Abu Dhabi sovereign ADQ mandates USD 5-year and 10-year benchmarks
The sovereign, which holds a number of key Abu Dhabi Government assets including Abu Dhabi Securities Exchange (ADX), Etihad Airways and Etihad Rail in its portfolio, has released investor information for the benchmark senior unsecured 144A Reg S notes, which will be used for general corporate purposes.
The listing will be on London Stock Exchange (LSE) under ADQ's global medium term note programme, which was launched in in 2024 with a $2.5 billion issuance on LSE.
Settlement is scheduled for 6th May.
ADQ, known as Abu Dhabi Development Holding Company until 2020, is rated Aa2 by Moody's and AA with stable outlook by Fitch.
(Writing by Imogen Lillywhite; editing by Seban Scaria)
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