Mubadala marks milestone with dual currency bonds listing at ADX

Mubadala boosts ADX's growing status in global exchanges
Mubadala marks milestone with dual currency bonds listing at ADX
Ceremony held at the Abu Dhabi Securities Exchange (Source: WAM)

Mubadala Investment Company, Abu Dhabi’s sovereign investor, announced the successful secondary listing of its dual currency bonds. The dollar and dirham-denominated bonds total $4.5 billion and AED750 million respectively. Mamoura Diversified Global Holding (MDGH), its issuing entity, made the announcement at a ceremony held at the Abu Dhabi Securities Exchange (ADX).

Diverse offerings

The listings on ADX include Mubadala’s highly oversubscribed debut Green Bond and the inaugural dirham-denominated bond.  This makes it the first corporate entity in the UAE to offer a dirham bond. The listing of Mubadala’s green bond marks the seventh green debt listing on ADX.

With interest from local and international investors, Mubadala’s bonds listing on ADX will contribute significantly to the market’s growth. This move is pivotal in diversifying financing resources and providing secure investment alternatives for a broad spectrum of investors.

Read: Saudi Arabia set to secure funds with three-tranche bond sale

UAE’s thriving capital markets

Commenting on the bond listing, Abdulla Salem Al Nuaimi, CEO of ADX, said, “We are delighted to see the listing of Mubadala’s Dollar and Dirham bonds on ADX, alongside their debut green bond.”

Al Nuaimi highlights the strong interest in Mubadala’s dual currency bond listing. Thus, it demonstrates the confidence that investors have in the UAE’s capital markets. He also restates ADX’s commitment to providing a robust and dynamic platform for companies like Mubadala to achieve their investment objectives.

Meanwhile, Carlos Obeid, chief financial officer of Mubadala explained that this achievement aligns with the UAE’s strategic economic vision. He also emphasized its important role in diversifying Abu Dhabi’s economy.

“We recognize the significant role that the ADX plays in fostering economic development in Abu Dhabi and we are immensely proud to be contributing to the vibrancy and robustness of our financial markets through these new listings, which builds on our first ADX listing back in 2021,” he added.

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