ADX To Introduce Sovereign Debt Listings

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.

PLY: Two hefty tranches to begin with on ADX, sharing a joint listing with London.