![]() ![]() The Exchangeable Bonds, with a maturity date of 2024 (except in the case of early redemption), are denominated in US Dollars (USD) and bear a coupon of 0.70%. The Combined Offering was covered in less than one hour, and saw significant demand from regional and international investors. In total, the Combined Offering resulted in proceeds of USD 1.64 billion for ADNOC.įollowing a successful bookbuilding process, the Combined Offering was placed at a blended price of AED 4.82 per share, which is 5.7% above the current 3-month volume weighted average share price and less than 1% below today’s closing price of AED 4.85. It also issued approximately USD 1.195 billion of senior unsecured bonds (the “Exchangeable Bonds”) due 2024 that are exchangeable into existing shares of ADNOC Distribution constituting approximately 7% of the registered share capital of ADNOC Distribution (ISIN: AEA006101017) (ADX Symbol: ADNOCDIST) under certain conditions (the “Exchangeable Bond Offering” and, together with the Share Offering, the “Combined Offering”). Abu Dhabi, UAE – May 26, 2021: Abu Dhabi National Oil Company (“ADNOC”), announced today the successful closing of its offering of approximately 375 million shares in ADNOC Distribution (the “Share Offering”), representing approximately 3% of the registered share capital of ADNOC Distribution. ![]()
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