Wednesday 13 April 2011

Abu Dhabi's Mubadala launches US$1.5 dual-tranche bond - bi-me.com

Abu Dhabi-owned investment fund Mubadala Development Co on Wednesday launched a dual-tranche US$750 million 5-year and US$750 million 10-year bond, IFR said.

Mubadala launched the 5-year bond at 180 basis points over U.S. Treasuries, and the 10-year at 210 basis points over U.S. Treasuries, according to IFR Markets, a Thomson Reuters unit.

This compares to price guidance of +185bp and +210bp, respectively.

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