Image credit: WAM
Following this bond issuance comes the emirate of Abu Dhabi, which had its last eurobond sale in 2021st, one of the largest in the emerging markets in 2024. Currently, S&P Global Ratings affords Abu Dhabi an AA-Worst rating, putting it on par with countries like the UK, France, and Qatar which helps in preserving a healthy credit spread on global credit markets.
It also stated that, the ADX is committed towards the development of the UAE diversification economy by following the best practices and more importantly adding to the operational value of the UAE within a thriving financial system arena. In the first half of the year, Mubadala Investment Company launched a 20 billion US dollars and 50 billion Emirati Dirhams dual currency bond in ADX, indicating a pivotal position of the bourse in international markets.
Other prominent listings include green bonds from Mubadala, First Abu Dhabi Bank, Masdar and TAQA suggesting that ADX remains a dedicated supporter of sustainable financial products and its position as a preferred exchange for green financing is strengthening.
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