Funding to accelerate growth of logistics supply chains
Abu Dhabi Ports, rated A+ (stable) by rating agencies S&P and A+ (stable) by Fitch, has successfully issued US$ 1 billion 10 year bonds under its recently established Euro Medium Term Note Programme (EMTN Programme), to be jointly listed on the London Stock Exchange (LSE) and Abu Dhabi Securities Exchange (ADX).
The issuance was more than 4.5 times over-subscribed at its peak. Citi, First Abu Dhabi Bank and Standard Chartered Bank acted as Joint Global Coordinators for the transaction along with HSBC, Mizuho and Societe Generale as active Joint Lead Managers.
“This announcement will support both our plans for development and the wider economic diversification programme of the UAE,” remarked Falah Mohamed Al Ahbabi, Chairman, Abu Dhabi Ports.
“Abu Dhabi Ports’ strategy is to become a top global integrated trade enabler, ranking alongside the most important hubs in the world to facilitate the growth of international trade,” commented Mohamed Juma Al Shamisi, Group Chief Executive Officer, Abu Dhabi Ports.
This round of funding will accelerate the growth of our integrated portfolio of world-class ports, industrial zones and logistics supply chains, a press communiqué concluded.
