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BOND SALE: Abu Dhabi's Mubadala signs up banks to help with global roadshow. (Getty Images)
Mubadala Development Co has confirmed it plans to sell global bonds to US and European investors.
In an e-mailed statement reported by Bloomberg it said it had hired Citigroup, Goldman Sachs and Royal Bank of Scotland Group to arrange meetings with potential buyers of bonds issued under a medium-term note program.
Investor meetings will start on April 23 in Los Angeles and San Francisco, according to two people involved in the talks.
The company will also meet bond buyers in New York on April 24, London on April 27 and in Boston and Abu Dhabi on April 28, said the people, who declined to be identified because the talks are private.
Mubadala’s notes will be used to diversify its sources of funding, one of the people said.
