Bonds may start trading in Abu Dhabi

* username: rupertbu

The Abu Dhabi Securities Exchange (ADX) is considering listing bonds for the first time in a move that could give a much-needed boost to local debt markets.

The creation of a secondary bond market in the emirate could make trading bonds easier and cheaper for investors and the show of interest comes as signs emerge that confidence is returning to the sector.

“We have built the infrastructure for [listing] bonds, and are co-ordinating with issuers,” said Rashed al Baloushi, the deputy chief executive of the ADX. “We will try to have dual listings.”