Abu Dhabi’s ADQ Nears $4 Billion Loan, Taps Greater China Banks

Group 1 - Abu Dhabi's sovereign wealth fund ADQ is nearing a $4 billion syndicated loan primarily from lenders in Greater China, indicating a trend of Gulf economies seeking Asian bank liquidity for funding [1][2] - The loan has attracted banks from China, Macau, and Taiwan, reflecting strong demand from Asian banks for highly-rated entities like ADQ, which holds an AA rating [1][2] - Middle Eastern borrowers have raised $5.2 billion in syndicated loans across the Asia Pacific in 2025, marking a seven-year high and a 53% increase from the previous year [3] Group 2 - The ADQ syndicated facility agreement is expected to be signed soon, with the loan initially marketed for three and five-year tenors but likely closing with only the five-year maturity [4] - The five-year facility will have an interest margin of 85 basis points over the benchmark Secured Overnight Financing Rate [4] - Major bookrunners for the loan include Bank of China, DBS Group, Industrial & Commercial Bank of China, JPMorgan Chase, HSBC, and Standard Chartered [5]