Saturday 19 October 2019

#AbuDhabi's Mubadala eyes debt market, weighs SoftBank's Vision Fund 2: CEO - Reuters

Abu Dhabi's Mubadala eyes debt market, weighs SoftBank's Vision Fund 2: CEO - Reuters:

Abu Dhabi state investor Mubadala Investment Co is weighing debt issuance amid attractive market conditions and could invest in oil giant Saudi Aramco’s planned share offering, its group chief executive said on Thursday.

Khaldoon Khalifa al Mubarak added the state investor exited its investment in U.S.chipmaker Advanced Micro Devices (AMD.O) in September after 12 years, having made $4.25 billion on its initial investment of $770 million.

The Gulf has seen a flurry of international debt issuance as governments and companies take advantage of low global rates to attract yield-seeking investors and raise debt cheaply.

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