UAE’s ADNOC to look at potential bond issue: CFO

ADNOC CFO says the company could take a look at a bond issue in Q1 2020. (File photo: Reuters)

Abu Dhabi National Oil Co (ADNOC) will look at a potential bond issue, its group chief financial officer said on Wednesday.

Asked whether ADNOC would look at a bond issue in the first quarter of 2020, Mark Cutis said at a Bloomberg event: “We will take a look. These are historically low interest (rates), so if you're not issuing, you're making a big judgement call.”

ADNOC was given an AA credit rating by Fitch in February.

Last Update: Wednesday, 20 May 2020 KSA 09:54 - GMT 06:54