Tuesday 17 December 2013

Abu Dhabi Securities Exchange to introduce sovereign debt listings | The National

Abu Dhabi Securities Exchange to introduce sovereign debt listings | The National:

"The Abu Dhabi Securities Exchange will soon welcome its first sovereign debt listings as it seeks to encourage more bond trading in the capital.

The market regulator has approved a secondary listing of bonds issued by Abu Dhabi’s Department of Finance (DoF). The two tranches, worth US$1.5 billion each, have their primary listing in London with maturities in 2014 and 2019.

“The listing of Abu Dhabi government bonds on both ADX and LSE will help to create a more attractive investment climate in the Emirate,” Hamad Al Hurr Al Suwaidi, the chairman of the DoF said yesterday."

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