Abu dhabi: ADQ, an active sovereign investor focused on critical infrastructure and global supply chains, announced the successful closing of its debut five-year, US$5 billion syndicated term financing deal in the Greater China region.
According to Emirates News Agency, the deal was met with robust demand from financial institutions in China, being oversubscribed by approximately $12 billion, three times the original launch size of $4 billion. This led ADQ to increase the transaction size to $5 billion.
The overwhelming interest in the financing deal reflects investor confidence in ADQ's credit profile and its strategic mandate, which is underpinned by a solid financial position and a growing international presence. The loan is a strategic move to diversify ADQ's funding mix, enhance its liquidity profile, and provide flexibility for pursuing commercially attractive investments.
This transaction marks the largest term loan to date for a Middle Eastern borrower from Asian financial institutions, highlighting ADQ's capability to tap into substantial capital pools globally. It also indicates increasing engagement from Asian lenders with high-quality issuers from the UAE.
Marcos de Quadros, Group Chief Financial Officer at ADQ, expressed satisfaction with the transaction's completion in the Greater China region, emphasizing the strong participation from leading regional financial institutions. He noted that the outcome reflects sustained confidence in ADQ's credit strength, prudent financial management, and a disciplined, diversified funding approach.
The transaction was coordinated by six global financial institutions: Bank of China (Dubai) Branch, DBS Bank Ltd., The Hong Kong and Shanghai Banking Corporation Limited, Industrial and Commercial Bank of China Limited (Dubai Branch), Standard Chartered Bank (Hong Kong) Limited, and J.P. Morgan Securities plc. ADQ secured commitments from over 30 leading financial institutions across the Greater China region, highlighting strong market engagement and widespread investor interest in the transaction.