Dubai, UAE – Nasdaq Dubai welcomed the secondary listing of US$150 million in bonds issued by United Terra Enterprises PLC.
It is an energy company that owns a portfolio of traditional and renewable energy projects, in the company’s first listing on the stock exchange.
Unsecured publicly listed debt securities of the priority debt category mature on September 10, 2030.
At an annual interest rate of 11.5% paid on a semi-annual basis.
The bonds were given the international identification code ISIN: USH8969NAA12, and were listed and accepted for trading on Nasdaq Dubai, with settlement through international deposit and settlement systems.
Including Euroclear, Clearstream Banking, and credit depository company The Depository Trust Company “DTC.
To celebrate the listing, Peter Krempen, CEO of United Terra Enterprises, rang the opening bell of the trading session at Nasdaq Dubai.
This was attended by Hamed Ali, CEO of DFM and NASDAQ Dubai, along with a number of senior executives from both sides.
Peter Krempen said that listing the bonds on Nasdaq Dubai is an important achievement for the company, and as a secondary listing in addition to its listing in Frankfurt, it enhances the presence of United Terra and its issuances across two of the most prominent global financial centers, and contributes to strengthening its presence in international markets.
With this listing, the total value of debt instruments listed on Nasdaq Dubai to date has exceeded $146.9 billion.
Nasdaq Dubai’s continued growth reflects it as a leading international centre for listing fixed income instruments.
