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On March 11, 2025, ADNOC Murban RSC Ltd completed its first coupon payment for three tranches of notes under its Global Medium Term Note Program. This payment totaled $21,250,000.00 for 5-year notes (4.250%, maturing September 11, 2029), $33,750,000.00 for 10-year notes (4.500%, maturing September 11, 2034), and $38,437,500.01 for 30-year notes (5.125%, maturing September 11, 2054). This was the first of two annual payments, with the next due on September 11, 2025, for the notes listed on the International Securities Market of the London Stock Exchange.
| Date | 11 Mar 2025 |
| Time | 11:34:16 |
| Category | Miscellaneous |
| ID | 2151A |
Media Release:
ADNOC Murban Successfully Completes Coupon Payments Under its Global Medium Term Note Program
Abu Dhabi, UAE - March 11, 2025: ADNOC Murban RSC Ltd (ADNOC Murban), the primary debt capital markets issuing and rated entity for ADNOC Group, has successfully completed its first coupon payment for all three tranches of its inaugural offering of notes under its Global Medium Term Note Program.
This is the first of two coupon payments to be made annually for the notes. The aggregate coupon payment amount, maturity and coupon rates for each tranche of the notes are as follows:
5-year notes
· Aggregate first coupon payment amount of $21,250,000.00
· Matures on September 11, 2029, at a coupon rate of 4.250%
10-year notes
· Aggregate first coupon payment amount of $33,750,000.00
· Matures on September 11, 2034, at a coupon rate of 4.500%
30-year notes
· Aggregate first coupon payment amount of $38,437,500.01
· Matures on September 11, 2054, at a coupon rate of 5.125%
All of the notes are listed on the International Securities Market of the London Stock Exchange. The subsequent coupon payment for each note is due on September 11, 2025.
ADNOC Murban is rated "Aa2" by Moody's Investor Services (Moody's), "AA" by Standard & Poor's (S&P) and "AA" by Fitch Ratings (Fitch) - aligned with ratings assigned to ADNOC's shareholder, the Emirate of Abu Dhabi. The Program has been assigned a provisional rating of "Aa2" by Moody's, "AA" by S&P and "AA" by Fitch and the notes have been assigned a rating of "Aa2" by Moody's, "AA" by S&P and "AA" by Fitch.
About ADNOC
ADNOC is a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi. ADNOC's objective is to maximize the value of the Emirate's vast hydrocarbon reserves through responsible and sustainable exploration and production to support the United Arab Emirates' economic growth and diversification. To find out more, visit: www.adnoc.ae
For media inquiries, please contact: [email protected]
For investor inquiries, please contact: [email protected]
About ADNOC Murban
ADNOC Murban is the primary debt capital markets issuing and rated entity for ADNOC Group. ADNOC Murban is a fully owned subsidiary in the form of a restricted scope company (RSC), duly incorporated in the Abu Dhabi Global Market on August 19, 2021.
*** IMPORTANT INFORMATION ***
This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in or into any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any investment decision made in connection with the Notes must be based solely on the information contained in the base offering memorandum in relation to the Program published on September 2, 2024, and the final terms in any pricing statements published in connection with the Notes.
ADNOC Murban has not registered, and does not intend to register, any portion of the Notes in the United States under the U.S Securities Act of 1933, or any U.S. state securities laws and does not intend to conduct a public offering of the Notes in the United States. Subject to certain exceptions, such Notes may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons. There will be no public offering in the United States.