Abu Dhabi's Mubadala back in market with two-tranche bonds - document | ZAWYA MENA Edition
Abu Dhabi state fund Mubadala began marketing a two-tranche U.S. dollar-denominated bond deal on Thursday, a document showed, returning to the debt markets less than three months after it raised $1.1 billion.
A Mubadala unit through which the bonds are issued, Mamoura Diversified Global Holding, gave initial price guidance of around 130 basis points over mid-swaps for a 10-year tranche and around 3.7% for 30-year Formosa bonds, the document from one of the banks on the deal showed.
Abu Dhabi Commercial Bank, Citi, FAB, JPMorgan, Morgan Stanley and Standard Chartered are arranging the deal, which is expected to launch later on Thursday.
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