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Mubadala Plans for a Dual-Tranche Bond

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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. ]

Nissan Car Honcho Carlos Ghosn Arrested in Japan over Misconduct

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Carlos Ghosn, the Chairman of Nissan, has been arrested in Japan over claims of financial misconduct, according to the automobile manufacturer. Ghosn has been accused of “significant acts of misconduct,” which includes under-reporting his pay package and personal use of corporate assets. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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ADIA Boosts External Capabilities, Hires Couvreur

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The Abu Dhabi Investment Authority (ADIA) is boosting its external investment management team in a pivot in strategy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Belgium AG: Gaddafi’s Billions in Belgium Disappear

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Georges Gilkinet is the attorney general of Belgium and a Green member of Belgian parliament. In late October, the attorney general revealed the status of a widespread investigation into the disappearance of billions of Euros, some € 5 billion, from the accounts of Muammar Gaddafi in Belgian banks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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