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Mubadala lists $5.3 billion green and dirham-denominated bonds on ADX

Mubadala ADX
The listings on ADX included Mubadala’s highly oversubscribed debut Green Bond and Mubadala’s inaugural dirham-denominated bond. Credit: WAM

The Abu Dhabi sovereign investor, Mubadala Investment Company, has announced the successful secondary listing of its dollar- and dirham-denominated bonds. The bonds amounted to $4.5 billion and Dh750 million respectively.

The bonds have been listed through Mubadala’s issuing entity, Mamoura Diversified Global Holding (MDGH), and celebrated with a bell-ringing ceremony at the Abu Dhabi Securities Exchange (ADX).

“This remarkable achievement strongly aligns with the Government’s strategic economic vision and objective of diversifying the economy of Abu Dhabi and making it globally integrated,” Carlos Obeid, Chief Financial Officer of Mubadala Investment Company, added.

“It also underscores the resilience and dynamism of Abu Dhabi’s ever-evolving Capital Markets.”

The announcement marks the first listing of a dirham-denominated bond by a corporation in the UAE, as well as the seventh listing of a green debt instrument on ADX.

 “We are delighted to see the listing of Mubadala’s Dollar and Dirham bonds on ADX, alongside their debut green bond, marking a great addition to our diverse bond offering,” said Abdulla Salem Al Nuaimi, CEO of ADX. “The strong interest in this listing demonstrates the confidence that investors have in the UAE’s thriving capital markets.”