Abu Dhabi’s Mubadala finalising $2 billion revolving loan -sources - Reuters:
Abu Dhabi’s Mubadala is arranging a $2 billion revolving credit facility to refinance a $1.75 billion revolving loan it put in place three years ago, two sources familiar with the matter said on Wednesday.
The transaction is a rare loan deal in Gulf debt markets, where borrowers are increasingly issuing bonds to diversify their funding base and, more recently, to take advantage of favourable conditions across emerging markets.
The state investment fund signed the original loan in 2016 with a group of 21 international banks. A revolving loan is one that can be drawn, repaid and drawn again during the agreed lending period.
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