Abu Dhabi wealth fund ADQ sells $2 billion bond, document shows
April 29 (Reuters) - Abu Dhabi's sovereign wealth fund, ADQ, sold a $2 billion two-tranche bond on Tuesday, marking its first debt sale of the year, according to a document seen by Reuters.
ADQ, formally known as Abu Dhabi Developmental Holding Co, sold a $1-billion 5-year tranche at 85 basis points (bps) over U.S. Treasuries (UST), and another $1 billion 10-year part at 95 bps over the same benchmark, narrower than earlier guidance after order books topped $7 billion.
Abu Dhabi's smallest, but still sizeable, wealth fund also raised $2 billion in September through its two-part bond sale.
In March, Reuters reported that ADQ and US Energy Capital Partners launched a $25 billion initiative focused on investing in U.S. energy infrastructure and data centers.
ADQ, established in 2018, is fully owned by the Abu Dhabi government, which holds more than 90% of the United Arab Emirates' oil reserves, and holds a broad portfolio including energy and utilities, food and agriculture, healthcare and others.
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