Tuesday, 14 June 2011

Abu Dhabi's Dolphin Energy picks banks for dollar bond - Maktoob News

Abu Dhabi's Dolphin Energy Limited, 51 percent owned by state fund Mubadala, has picked banks for investor meetings ahead of a potential dollar bond issue, arranging banks said on Monday.

A benchmark bond from the energy firm would not exceed $1.93 billion, a document from the lead managers, seen by Reuters, showed.

Benchmark is usually understood to be at least $500 million.

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