UAE's Mubadala mull options for $1.25bn bond maturity

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Abu Dhabi's state fund Mubadala is assessing whether to issue a new bond when a $1.25 billion issue matures in May, the fund said on Tuesday.

"As with any debt maturity within the Mubadala group, we are currently assessing options for the May 2014 $1.25 billion bond maturity," a spokesperson said in an e-mailed reply to Reuters questions.

The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009, with the remaining $500 million set to mature in 2019. The only other time Mubadala has publicly sold debt was in April 2011, when it sold a $1.5 billion, two-part bond.

Mubadala, rated AA by Fitch and Standard & Poor's, is an investment vehicle fully owned by the Abu Dhabi government.

Related:
Companies
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 appearing

Further reading

Features & Analysis
Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Shuttered banks, ATM queues and $77 daily limits: Greece plunges into crisis

Breakdown in talks between Athens and its creditors plunged the...

Malaysia fund's $4.5bn rescue may weigh on Abu Dhabi's IPIC

Malaysia fund's $4.5bn rescue may weigh on Abu Dhabi's IPIC

International Petroleum Investment Co came to the aid of Malaysia...

Debt market beckons as Saudi bourse opens to foreigners

Debt market beckons as Saudi bourse opens to foreigners

Corporate bond issuance in the kingdom is the most active in...

Most Discussed