Wednesday 6 April 2011

Mubadala to test debt appetite with bond sale

Abu Dhabi fund Mubadala will test international demand for Gulf debt in the midst of regional political upheaval when it begins investor meetings in London on Wednesday ahead of a potential bond issue.

Government-owned Mubadala, which has stakes in AMD, General Electric, and private equity firm Carlyle, announced roadshows last month in Europe, Asia, the United Arab Emirates and the United States.

It would become the second Abu Dhabi entity to tap international capital markets this year after International Petroleum Investment Co (IPIC) issued $4.3 billion equivalent in sterling and euro-denominated bonds in March.

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