Middle East Economic Survey
Mubadala Issues Bonds Worth $1.5Bn
Abu Dhabis Mubadala launched bonds worth $1.5bn on 13 April. It issued $750mn of 5-year bonds at 180 basis points (bps) over US Treasuries, and $750mn of 10-year bonds at 210 bps over US Treasuries. The pricing on the 5-year paper undercut price guidance by 5 bps, while the 10-year tranche came in at the same level as price guidance. Mubadala is the second Abu Dhabi entity to tap international...