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Mubadala hires banks to manage EUR bonds issuance

Mubadala hires banks to manage EUR bonds issuance
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Mubasher: Mubadala Investment Company, a sovereign wealth fund owned by the Government of Abu Dhabi, has reportedly hired a number of banks that will manage its issuance of EUR-denominated bonds, Reuters reported.

Citi and JPMorgan will be the global coordinators, while Abu Dhabi Commercial Bank (ADCB), BNP Paribas, First Abu Dhabi Bank (FAB), ING, Morgan Stanley, and Standard Chartered will be joint bookrunners.

Mubadala’s issuance of debt instruments is through its subsidiary, Mamoura Diversified Global Holding (MDGH).

The hired banks reportedly began investor calls on Tuesday, which will be followed by the issuance of dual-tranche EUR-denominated bonds, with six- and 12-year maturities.