Mubadala’s Mamoura entity lists $4bn bond on ADX

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

The fixed-rate notes with six-, 10- and 30-year tenors pay interest twice a year and have a primary listing on the London Stock Exchange, the Abu Dhabi

Media Office said in a tweet yesterday.

“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,” said Khalifa Al Mansouri, chief executive of the ADX.

“When we see global investment companies decide to list their debt securities on [the] 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.”

Regional exchanges are stepping up efforts to diversify their product offerings to grow their investor base and boost liquidity.

The ADX is a central part of the Abu Dhabi government’s efforts to boost the levels of foreign direct investment within the emirate.

The exchange said it is working in close collaboration with the government and other stakeholders across the emirate to achieve the objective.

Earlier this month, the ADX said its overseas investor base had grown by 25 per cent year on year in the first half after four listed companies raised their foreign ownership limits.

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

The bourse expects an initial public offering and the listing of several real estate investment trusts during the second half of the year, Mr Al Mansouri told The National last month.