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Even Etisalat has caught bond fever

Even Etisalat has caught bond fever

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The Abu Dhabi Securities Exchange (ADX) and bonds seem to go hand-in-hand these days. Emirates Telecommunication Group Company (Etisalat) has announced a bond listing on the exchange, amounting to $1.2b.

Starting next week, the issuer will start listing the bonds in two tranches under a medium-term note programme, following the decision of the Securities and Commodities Authority's (SCA) Board of Directors. Let the bond dances begin!

Why it matters

Bond market development is key in Abu Dhabi Exchange's strategy to increase liquidity. The Etisalat announcement comes only days after another $1b listing on ADX by Abu Dhabi Ports.
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