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!