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ADNOC L&S Issues Hybrid Capital Instrument to Finance Transformational Growth

ADNOC Logistics & Services Plc, a global energy maritime logistics company, announced today that it has signed a $1.1-2.0 billion (AED4.0-7.3 billion) Hybrid Capital Instrument (HCI). Initial drawing against the HCI will be $1.1 billion (AED4.0 billion), leaving $0.9 billion (AED3.3 billion) capacity available to be drawn until 31 December 2026. Approximately $1.0 billion (AED3.7 …