Sources say Abu Dhabi state-owned investment fund's bond will likely be at least $500m
Abu Dhabi state-owned investment fund Mubadala has chosen banks to arrange a dollar-denominated bond issue, two sources said on Wednesday.
A transaction could be announced to the market "soon", the sources said, speaking on condition of anonymity as the information isn't yet public.
A third source said the planned transaction would be of benchmark size - traditionally understood to mean upwards of $500 million.
A spokesman for Mubadala declined to comment.
Mubadala's bond plans will follow the Abu Dhabi government's own deal. The sovereign sold a $5 billion two-part bond on Monday, split equally between portions lasting five and ten years.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.