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.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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