Within its proactive approach to managing financial obligations, 'Tabreed' repurchased its own credit bonds and issued new unsecured bonds for a 7-year term. According to regulatory category 'S', these bonds were listed on the London Stock Exchange with a fixed yield of 5.5% and saw a 150% subscription coverage, reflecting strong demand from institutional investors across Asia, Europe, and the Gulf Cooperation Council countries. The issuance was backed by Tabreed's first-ever investment-grade credit ratings from Moody's (Baa3) and Fitch (BBB). Tabreed has now fully settled its $500 million credit bonds, which were issued in October 2018 and matured last month.
