Mubadala to launch $2bn refinancing

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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.

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