Sovereign Wealth Middle East Debt Scoop for 2021

Posted on 03/03/2021


Saudi Arabia’s Public Investment Fund (PIF) is in talks for another loan deal. The loan amount is in the range of US$ 10 billion to US$ 15 billion.

Mubadala Investment Company, through Mamoura Diversified Global Holding, hired Citi and JPMorgan were hired as global coordinators for a planned dual-tranche issue (six-year and 12-year) of euro-denominated bonds. Other banks involved in the raise include Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley, and Standard Chartered.

Abu Dhabi Commercial Bank (ADCB) signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC with a gross book value of AED 1.1 billion (US$ 300 million). The portfolio is made up of approximately 76 percent residential mortgages and 24 percent commercial mortgages. Abu Dhabi Finance is a financial services company mortgage lender that was formed in 2008 as a private joint stock company partnership between Mubadala Development Company PJSC, Aldar Properties, PJSC, and ADCB.

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