Wednesday, 8 February 2012

UAE's Dolphin Energy raises $1 bln from 10-yr bond sale | Reuters

Abu Dhabi's Dolphin Energy, majority-owned by state fund Mubadala, raised $1 billion from a 10-year bond sale on Tuesday, mainly to meet its refinancing needs.

The bond, which has been privately placed, was priced at 5.5 percent, at the tighter end of revised guidance of 5.5 percent to 5.65 percent.

Initial guidance was given in the 5.75 percent area.

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