Abu Dhabi Market lists $ 19 billion in bonds over 9 months

the value of the bonds listed on the Abu Dhabi Securities Exchange during the first nine months of the year 2020 amounted to about $ 19 billion.

According to the Emirates News Agency, the Abu Dhabi government had issued three tranches of medium-term bonds last April, worth $ 7 billion, but they returned during the month of June and each segment increased With a value of one billion dollars, it was listed on the Abu Dhabi Stock Exchange.

and last August, the market announced the listing of $ 4 billion bond certificates by MGDH-GMTNB in ​​the issuer and guaranteed by Al Maamoura Diver Sivad Global Holding Company

And the Abu Dhabi government returned this September to issue global bonds worth $ 5 billion in three tranches and were also listed on the Abu Dhabi Stock Exchange.

Financial expert Talal Al Mazrouei said that the existence of a strong bond market is a qualitative addition that contributes to diversifying investment instruments and financial derivatives, which enhances the attractiveness of the investment environment in the UAE and enhances From the competitiveness of local markets at the global level.

and affirmed that increasing the volume of bonds listed in the UAE markets plays an important role in controlling the balance between debt and regular markets, noting that bond issuers had previously included them in Global markets But the presence of a strong national bond market has become a catalyst for its inclusion in the local market.

and it is expected that the volume of bonds listed in the local market will increase in the coming period, which will enhance its position in greater proportions, especially since the bond listing process is organized according to distinct laws and in accordance with international best practices.

It is noteworthy that the Securities and Commodities Authority, the authority regulating the work of the UAE capital markets, issued a special regulation in 2014 according to which all procedures related to issuing and listing bonds in the local markets were defined.

(Amazon fun knowledge)