ADNOC to redeem exchangeable bonds in ADNOC Distribution upon maturity in June 2024

Abu Dhabi National Oil Company (ADNOC) announced today that it intends to settle, via a cash payment, its US Dollar-denominated senior unsecured bonds (Exchangeable Bonds) in Abu Dhabi National Oil Company for Distribution PJSC (ADNOC Distribution), which bear a coupon of 0.70%, upon maturity on 4t