The investor meetings for the debt sale will take place beginning from May 28 and will be followed by a US dollar denominated senior unsecured Green Notes
Leveraging favourable market conditions and investor appetite, ADQ’s bond issuance garnered significant interest
The issuance is the first dirham-denominated bond by a bank since the creation of a medium-term yield curve by the Ministry of Finance
Investors should avoid growth stocks or companies with a high valuation
The consortium, led by Washington-based EIG Global Energy Partners, may raise at least $4.5bn
The yield on Aramco’s $3bn of bonds due in 2029 has dropped to 2.09 per cent from 3.04 per cent at the start of the year
The bond has been rated Baa3 by Moody’s and BBB by Fitch
The 50-year tranche is the longest term for a bond issued by a GCC sovereign issuer
The perpetual bond is callable after six years and pays a coupon of 6.125 per cent
The fall in oil prices has put a strain on the finances of Middle Eastern energy-producing countries