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
Q&A with Noor Bank

Q&A with Noor Bank

Kazim Ali, head of corporate banking at Noor Bank, discusses...

Saudi bank's $6bn IPO ignites religious controversy

Saudi bank's $6bn IPO ignites religious controversy

Plans by National Commercial Bank have prompted some clerics...

Dubai flexes legal muscles as financial court system grows

Dubai flexes legal muscles as financial court system grows

Landmark ruling by the court system in Dubai's financial free...

Most Popular
Most Discussed
  • 14
    ‘How my Dubai mortgage landed me in a police cell’

    I live in the UAE for 10 years. I have had friends flee the country for similar cases. Since no change occurred in the banking system, incidents like this... more

    Thursday, 30 October 2014 9:06 PM - Awi
  • 9
    Do you actually own your house?

    This is unbelievable from Nakheel. In a case where we want landscape our garden with some tiles and grass costing around 12500, Nakheel is demanding a... more

    Thursday, 30 October 2014 9:06 PM - skp
  • 3
    Most Dubai rents continue to fall in Q3, says regulator

    I am curious to see what happens when all those who bought in this mini-boom phase of 2013 come out to sell. Furthermore I am curious to see the effects... more

    Thursday, 30 October 2014 12:49 PM - LordLands