Mubadala's Mamoura lists $4bln bond on Abu Dhabi's ADX

Mubadala Investment Company's debt issuing entity guarantees Fixed Rate Notes

Traders monitor the share prices at the Abu Dhabi stock market.

Traders monitor the share prices at the Abu Dhabi stock market.


Abu Dhabi Securities Exchange (ADX) has announced a $4 billion listing of Fixed Rate Notes issued by MDGH GHTN B.V.

The listing is guaranteed by Mamoura Diversified Global Holding PJSC (MDGH). MDGH is the debt entity of Mubadala Investment Company, and the MDGH bonds have their primary listing on the London Stock Exchange.

The listing was welcomed by the chief executive of ADX, who said: “Today we extend a warm welcome to Mubadala as it joins ADX. The listing of its MDGH bonds is further evidence of ADX’s appeal to a broader base of investors and issuers and is in line with our strategy of increasing the number of products available to them.

“When we see global investment companies decide to list their debt securities on ADX, it sends a powerful message to markets all around the world that Abu Dhabi can support the capital requirements and growth ambitions of any business. As we add more products to the exchange and invest in our trading infrastructure, we also become more attractive to investors looking for better and more flexible ways to manage their wealth in a stable, low risk environment.”

ADX raised the foreign ownership limits of its listed companies to 49 percent earlier this year. Last week, Chimera Capital LLP announced the launch of Chimera S&P UAE Shariah Exchange Traded Fund (ETF), the first ETF to track a Shariah-compliant index in the UAE, which will have its primary listing on ADX.

(Writing by Imogen Lillywhite; editing by Seban Scaria)

#Mubadala #Mamoura #Bonds #ADX

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2020

More From Currencies