Sunday 30, September 2018 by Kudakwashe

Mubadala plans bond transaction soon

 

Mubadala is said to be working with a number of banks, including Bank of America Merril Lynch (BAML), on the planned deal.

Abu Dhabi ‘s Mubadala is working on a bond transaction which could be announced soon.

Mubadala sold a $1.5 billion bond in August last year, its first public debt sale since it merged with fellow Abu Dhabi fund International Petroleum Investment Company (IPIC).

The deal will come at a time when a number of high-profile deals are lined up for the next few weeks, Saudi Basic Industries Corp (SABIC) is also expected to issue a dual-tranche bond next week.

A spokesman at Mubadala said that the firm is looking at various ways to optimise and simplify organisational as well as capital structure.

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