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Investor Relations
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FinancialNews
12-04-17
Abu Dhabi-Mubadla issues USD1.5bn bonds
(MENAFN) Abu Dhabi's fund Mubadla has issued USD1.5bn bond covering a seven-year USD850mn tranche and a 12-year USD650mn tranche.
Additionally, the bond is the first debt issuance since the firm merged with fellow Abu Dhabi fund International Petroleum Investment Co. (IPIC).
Meanwhile, the firm had released basic price guidance in the 125 bps area over mid-swaps for the seven-year notes and in the 165 bps area over mid-swaps for the 12-year notes.
However, guidance went down to the 110 bps area over mid-swaps and 150 bps area over mid-swaps on the seven- and 12-year paper later.
MENAFN1204201700450000ID1095387774
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