Abu Dhabi's Dolphin to sell bond, says fund manager

Abu Dhabi's Dolphin Energy will raise at least US$750 million through a Eurobond it will launch at the end of a global road show on Wednesday, a fund management source said on Friday.

"The bond will help replace some of the bank loan debt that the company has," said the fund manager, who attended a meeting about the potential issue.

The firm, which is majority owned by Abu Dhabi state investment body Mubadala, met with investors in London on Friday and is meeting investors in the United States next week, taking in the West Coast, Boston and New York.