Mubadala to launch $2bn refinancing

By Reuters
  • Tuesday, 29 January 2013 3:34 PM
  • Share via facebook
  • Tweet this
  • Bookmark and Share

Abu Dhabi investment vehicle Mubadala will launch the refinancing of a US$2bn revolving credit facility next week, replacing it with a three-year, multi-currency loan, a senior executive said on Tuesday.

Pricing for the new facility, which will be self-arranged, is expected to be "a bit vicious," Kelly Thomson, head of structured finance at Mubadala said on the sidelines of a conference in Dubai.

The new loan will be in dollar, euros and pounds, she added.

State-owned Mubadala owns stakes in global companies like General Electric and private equity firm Carlyle.

Related:

Stories

UAE's Tabreed agrees Mubadala bond deal

Mubadala sells land for Abu Dhabi retail project

Mubadala adds second board member to AMD

Mubadala seeks to alter terms on $3.4bn in bonds

Abu Dhabi’s Mubadala back in the black

Companies

Mubadala

Also in Banking & Finance

Etisalat said to be highest bidder for Maroc stake

Bahrain economic growth seen at 5% this year

Also in UAE

Abu Dhabi to see 15% growth in summer flights

Mahoney isn't talking baloney

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearingTerms and conditions

Further reading

Get E-Mail Alerts
Get E-Mail Alerts

Arabian Business Power 500 2013 - Top 5 from Saudi Arabia »

Prince Alwaleed Bin Talal Al Saud  Khalid Al Falih  Fahad Al Mubarak  Haifa Al Mansour  Abdulla Al Zamil 
View complete list
Features & Analysis
Why Africa is luring Gulf bond investors

Why Africa is luring Gulf bond investors

Promise of high returns is tempting cash-rich Gulf Arab bond...

Dubai may get creative to ease looming debt hump

Dubai may get creative to ease looming debt hump

Emirate seen using wide range of strategies from asset sales...

New Abu Dhabi financial zone to challenge Dubai

New Abu Dhabi financial zone to challenge Dubai

For a decade, Dubai has been the MidEast's top financial centre...

Most Popular
Most Discussed
  • 31
    Are there too many Brits in the UAE?

    Could you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more

    Friday, 24 May 2013 1:26 PM - Khalid
  • 27
    Bahrain MPs vote to ban pork in kingdom

    @both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more

    Friday, 24 May 2013 1:25 PM - SAM
  • 2
    Saudi to hand Pakistan $15bn energy bailout – report

    Deferred payment, in other words, never going to pay back.

    Just ask Egypt or Iraq or the long list of recipients of deferred payments.
    more

    Friday, 24 May 2013 7:32 PM - tfg
Read all user comments »
  • 44
    Dubai labourers stage rare strike for more pay

    As much as I love the UAE, this will be a problem for them in the future. Lets look at this from any democratic Country on Earth. If I decided not to turn... more

    Wednesday, 22 May 2013 11:56 AM - Ty Say
  • 31
    Are there too many Brits in the UAE?

    Could you imagine what would happen if a large proportion of the educated, professional worker population suddenly left (let alone the domestic workers... more

    Friday, 24 May 2013 1:26 PM - Khalid
  • 27
    Bahrain MPs vote to ban pork in kingdom

    @both, the world is not the same all over; thankfully, the citizens of one country view things differently than another. Europe allowing something does... more

    Friday, 24 May 2013 1:25 PM - SAM
Read all user comments »
Read all user comments »