Mubadala Raises $272 Million Through Bond Sale

The document revealed on Thursday that Mubadala has secured over one billion dirhams (approximately 272.26 million USD) from the issuance of five-year bonds denominated in dirhams.

According to the details, Mubadala, through its debt issuance arm (Al Marmoom Diversified Global Holding), set the offering price at 4.20%, a decrease from the initial guidance of 4.450%, which was announced earlier in the day after attracting over 4.6 billion dirhams in orders.

In late May, the fund sold ten-year sukuk valued at one billion dollars.

Last month, Al Marmoom sold a 7.55% stake in Emirates Integrated Telecommunications Company (du) for 3.15 billion dirhams (857.63 million USD) through a secondary share sale.

Mubadala stands as the second-largest government investment fund in Abu Dhabi, following the Abu Dhabi Investment Authority. Together, these funds and ADQ manage assets worth nearly 1.7 trillion USD.

The document reviewed by Reuters indicated that Abu Dhabi Commercial Bank, Bank of China, Citigroup, Emirates NBD Capital, First Abu Dhabi Bank, Goldman Sachs International, HSBC, Industrial and Commercial Bank of China, National Bank of Kuwait, and Standard Chartered Bank have been appointed as joint lead managers and bookrunners.

Business

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