BUSINESS

IFR - Mubadala hires six banks for eurobond issue

LONDON, April 10 (IFR) - Abu Dhabi&aposs Mubadala has hired six banks to lead manage a new Eurobond issue, according to several market sources.The state-owned fund has appointed Bank of America Merrill Lynch, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, HSBC and National Bank of Abu Dhabi to manage a potential offering, said the sources.Mubadala itself was last in the market in April 2011 th

Reuters News

April 10, 2014

LONDON, April 10 (IFR) - Abu Dhabi's Mubadala has hired six banks to lead manage a new Eurobond issue, according to several market sources.

The state-owned fund has appointed Bank of America Merrill Lynch, Credit Agricole CIB, Deutsche Bank, Goldman Sachs, HSBC and National Bank of Abu Dhabi to manage a potential offering, said the sources.

Mubadala itself was last in the market in April 2011 through a $1.5 billion five- and 10-year trade. However, Mubadala-related entities including Dolphin Energy, Shuweihat 2 and Aldar Properties have accessed bond markets since.

(Reporting by Sudip Roy and Abhinav Ramnarayan)

((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))

Keywords: EMIRATES BONDS/MUBADALA