Abu Dhabi Securities Exchange (ADX) has listed the first set of government bonds worth $1.5 billion in assocation with Abu Dhabi’s Department of Finance (DOF), said a report.

It aims at building a bond market operating under the best standards as with international financial markets, said the Emirates 24/7 report.


The bonds’ maturity date is in 2019 and the listing follows the approval of regulations by the Securities and Commodities Authority (SCA) for the issuance of local debt instruments and their listing on ADX, it said.

The Abu Dhabi Department of Finance announced last year its intention to dual list the bonds in ADX and the London Stock Exchange (LSE).  Investors will be able to trade in the bonds in both LSE and ADX simultaneously.


The adoption of these new regulations has paved the way for new debt instruments to be listed and traded on ADX as their primary platform, which will help to create a more attractive and dynamic climate for investment in Abu Dhabi, said the report.

The National Bank of Abu Dhabi (NBAD) will act as ADX’s account operator. 

The settlement and clearing will take place via NBAD through ADX’s participant account at Euroclear, which specialises in the settlement of securities transactions as well as the safekeeping and asset servicing of these securities. The investment in the bonds will be limited to Qualified Investor Buyers (QIB).