Mubadala Plans for a Dual-Tranche Bond

April 11, 2017 UPDATE: Mubadala has raised US$ 1.5 billion in a dual-tranche bond. US$ 850 million was sold in a 7-year tranche and, US$ 650 million in a 12-year tranche. The 7-year tranche was pegged at 100 basis points over mid-swaps, while the 12-year tranche was at 140 basis points over mid-swaps.

Dated: April 10, 2017 – In the midst of a complex merger with International Petroleum Investment Company (IPIC), Mubadala is committed to raise an excess of US$ 1 billion through a dual-tranche dollar bond. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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