Mubadala plans to launch its first corporate bond sale in the latest sign that government companies are returning to the debt markets.
The Abu Dhabi Government-owned investment fund plans a series of meetings with investors in Europe and the US, according to a circular sent to potential investors from bankers at Citigroup, Goldman Sachs and the Royal Bank of Scotland, who have been hired to arrange meetings.
“Abu Dhabi has created a very good precedent and a pricing and risk benchmark for further issues,” said Phillip Lotter, a sovereign bond analyst at the ratings agency Moody’s.
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