Sunday, May 16, 2021

Abu Dhabi’s Mubadala tightens guidance two-tranche bonds – document

DUBAI – Abu Dhabi state fund Mubadala has tightened guidance for two-tranche euro-denominated bonds comprising six- and 13-year paper after receiving over 2 billion euros ($2.41 billion) in combined orders, a document showed on Thursday.

It tightened guidance for the six-year bonds to 70-75 basis points (bps) from around 85 bps, and for the 13-year tranche it tightened to 90-95 bps from between 105 and 110 bps, the document from one of the banks on the deal showed.

The deal is expected to launch later on Thursday.

($1 = 0.8312 euros)

(Reporting by Yousef Saba) ((Yousef.Saba@thomsonreuters.com; +971562166204; Reuters Messaging: https://twitter.com/YousefSaba))

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