Due to be settled on 6 May 2021, the note carry a 2.5% per annum coupon and will be used for general corporate purposes and debt refinancing, the company said.
At its peak, the issuance was 4.5 times over-subscribed. Citi, First Abu Dhabi Bank and Standard Chartered Bank were Joint Global Co-ordinators for the transaction along with HSBC, Mizuho and Societe Generale as active Joint Lead Managers and Joint Bookrunners, and BNP Paribas, Credit Agricole CIB and SMBC Nikko acted as passive Joint Lead Managers.
Abu Dhabi Ports Group CEO, Mohamed Juma Al Shamisi, said: “We see the success of this $1bn 10-year listing at the lowest coupon achieved by an Abu Dhabi government-related entity for that corresponding 10-year tenor as an expression of confidence in our leadership, our business and in the UAE economy as a whole.
“We achieved US$ 933 million of revenues in 2020, representing year-on-year growth of 24% in one of the most challenging periods for the global economy in living memory.”
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