UAE - Mubasher: Mubadala Investment Company started on Thursday marketing a two-tranche US dollar-denominated bonds, Reuters reported.
Abu Dhabi-based company has returned to the debt markets to issue two-tranche bonds through its unit Mamoura Diversified Global Holding, according to a cited document from one of the banks arranging the deal.
Mamoura Diversified Global Holding gave initial price guidance of about 130 basis points over mid-swaps for a 10-year tranche and around 3.7% for 30-year Formosa bonds.
The banks arranging the deal, expected to launch later on Thursday, are Abu Dhabi Commercial Bank (ADCB), Citi, First Abu Dhabi Bank (FAB), JPMorgan, Morgan Stanley, and Standard Chartered.
It is noteworthy to mention that in early March, Mubadala has reportedly hired a number of banks that will manage its issuance of EUR-denominated bonds.
