- ADX and London Stock Exchange dual-listed bonds carry 0.375% and 1% fixed interest rates respectively
ABU DHABI: Abu Dhabi Securities Exchange (ADX) is pleased to announce that it has listed 1.1 billion euros worth of Mamoura Diversified Global Holding’s Global Medium Term Notes Ltd. (MDGH-GMTN) bonds in two tranches maturing in 2027 and 2034. The bonds are guaranteed by Mamoura Diversified Global Holding PJSC, a debt issuing entity of Mubadala Investment Company.
The six-year 600 million tranche comes with a 0.375 percent fixed interest rate while the 13-year 500 million tranche has a 1 percent fixed interest rate. The primary listing of the bonds was on the London Stock Exchange and they are listed on ADX under the symbol XSMDGH0327. Coupons will be distributed to investors annually in arrears.
On the occasion of the listing, Mr. Saeed Hamad Al Dhaheri, Chief Executive of ADX, said: “The listing of MDGH GMTN bonds on ADX demonstrates our ability to cater for the funding needs of dynamic international businesses while offering local and international investors a wider range of growth opportunities. We will continue to focus on expanding and diversifying the range of products and services we offer to attract more issuers and investors and increase market liquidity. This is in line with our recently announced ADX One Strategy to enhance the Emirate’s economic growth trajectory by doubling the exchange’s market capitalisation in the next three years.”
Carlos Obeid, Group Chief Financial Officer of Mubadala and CFO, Mamoura Diversified Global Holding PJSC, said: “While this is the second time we have listed a bond on ADX, these two successful tranches demonstrate very strong investor demand for MDGH’s bond issuance. The bonds will help us to continue to deploy capital into our broad portfolio of investments in both the UAE and other markets.
Formerly known as Mubadala Development Company PJSC, MDGH acts as the debt-issuing entity under Mubadala Investment Company. MDGH’s 1.1-billion-euro bond listing on ADX brings the total number of debt instruments listed on the exchange to 18.
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For more information, please contact:
ADX
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication & Digital Marketing
Email: ALKhateebA@adx.ae
Brunswick Group
Mena Nasr
Account Director
Email: mnasr@brunswickgroup.com
Abu Dhabi Securities Exchange
Abu Dhabi Securities Exchange (ADX) was established on November 15 of the year 2000 by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management. The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On 17th March 2020, ADX was converted from a "Public Entity" to a "Public Joint Stock Company PJSC" pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy.
ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE "Towards the next 50" agenda. The national plan charts out the UAE's strategic development scheme which aims to build a sustainable, diversified and high-value added economy that positively contributes to transition to a new global sustainable development paradigm.
About Mubadala Investment Company
Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi.
Mubadala’s $232 billion (AED 853 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to actively source deals. In the UAE, we are driving sustainable growth by optimizing scale and efficiency, supporting the continued diversification and global integration of the local economy while growing our shareholder value.
Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro, Moscow, New York, San Francisco and Beijing.
For more information about Mubadala, please visit: www.mubadala.com
© Press Release 2021
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