ADNOC lists one of the Middle East’s largest non-sovereign bonds on GEM

ADCOP, the 100% subsidiary of the Abu Dhabi National Oil Company (ADNOC) Group, lists for the first time on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE).

ADNOC listing is one of the largest non-sovereign bonds in the history of the Middle East

The $3bn bond issuance is one of the largest non-sovereign bond offerings in the history of the Middle East.

The listing comprises of two bonds - the first bond of $837m has a 3.65% interest rate and a maturity date of November 2029. The second bond of $2.2bn has a 4.6% interest rate and a maturity date of November 2047.

ADNOC Group - Abu Dhabi National Oil Company is a world leading energy producer

ADNOC is one of the world’s leading energy producers. It operates across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.

Abu Dhabi Crude Oil logo from debt listing

For over 45 years, ADNOC has managed, produced and preserved the Emirate’s hydrocarbon reserves on behalf of the Abu Dhabi Government.

ISE is #1 venue worldwide for listing bonds

The ISE is the leading exchange in the world for listing bonds according to September 2017 statistics published by the World Federation of Exchanges which ranked the ISE as #1 for total bond listings and #1 for new bond listings in 2017.

ISE is European listing venue of choice for several Middle Eastern issuers

Listing over 30,000 bonds from 90 countries across the globe, the ISE has a strong presence of listings from the Middle East on both of its debt markets - the Global Exchange Market (GEM) and the Main Securities Market (MSM).

Among the listings from the Middle East are Abu Dhabi Commercial Bank, Abu Dhabi Investment Bank, Emirates Telecommunications Corp, Emirates and Commercial Bank of Dubai.

Main Securities Market lists sovereign bonds of several countries in the gulf region

The ISE is also popular as a venue of choice for Middle East sovereigns and its Main Securities Market is home to bond listings from:

  • the Kingdom of Saudi Arabia
  • the State of Kuwait
  • the Government of the Sultanate of Oman
  • the Kingdom of Bahrain
  • the Hashemite Kingdom of Jordan
  • the Kingdom of Iraq.




James Johnston, VP- International Primary Markets, Euronext

Debt Listing Contact

James Johnston

Debt Listing Contact

+353 1 6174203