Mubadala's Mamoura lists $4bn bond on Abu Dhabi Securities Exchange

Fixed rate notes that pay interest semi-annually have a primary listing on the London Stock Exchange

Abu Dhabi asset manager unveils Sharia-compliant ETF with two different asset classes in Dubai and Abu Dhabi. Reuters. 

Mamoura Diversified Global Holding (MDGH), the debt issuing entity of Mubadala Investment Company, listed its $4 billion (Dh14.68bn) of bonds on the Abu Dhabi Securities Exchange, a move that will help broaden the exchange’s investor base.

The fixed rate notes with six, 10 and 30-year tenors pay interest semi-annually and have a primary listing on the London Stock Exchange, the Abu Dhabi Media Office said in a tweet on Tuesday.

“The listing of its MDGH bonds is [a] 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,” Khalifa Al Mansouri, chief executive of ADX, said in a statement.

“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.”

Exchanges across the region are stepping up efforts to diversify their product offerings to expand their investor base and boost liquidity. The ADX is a key plank of the Abu Dhabi government’s efforts to boost foreign direct investment in the emirate. The exchange said it is working in close collaboration with the government and other stakeholders across the emirate to achieve the objective.

The ADX’s overseas investor base has already grown 25 per cent year-on-year, during the first half of 2020 as four listed companies raised their foreign ownership limits, it said earlier this month.

Last week, Chimera Capital, an Abu Dhabi asset management company, started an exchange-traded fund with primary listing on ADX.

The exchange expects an initial public offering and the listing of several real estate investment trusts (Reits) during the second half of the year, Mr Al Mansouri told The National on July 16.