Abu Dhabi's Mubadala tightens guidance two-tranche bonds - document

Abu Dhabi Commercial Bank, BNP Paribas, Citi, First Abu Dhabi Bank, ING, JPMorgan, Morgan Stanley and Standard Chartered are arranging the deal

  
The signature of President of the European Central Bank (ECB) Mario Draghi is written upon an outsized specimen new 20 Euro banknote at the ECB headquarters in Frankfurt February 24, 2015. Image used for illustrative purpose.

The signature of President of the European Central Bank (ECB) Mario Draghi is written upon an outsized specimen new 20 Euro banknote at the ECB headquarters in Frankfurt February 24, 2015. Image used for illustrative purpose.

REUTERS/Ralph Orlowski

DUBAI - Abu Dhabi state fund Mubadala has tightened guidance for two-tranche euro-denominated bonds comprising six- and 13-year paper after receiving over 2 billion euros ($2.41 billion) in combined orders, a document showed on Thursday.

It tightened guidance for the six-year bonds to 70-75 basis points (bps) from around 85 bps, and for the 13-year tranche it tightened to 90-95 bps from between 105 and 110 bps, the document from one of the banks on the deal showed.

The deal is expected to launch later on Thursday.

($1 = 0.8312 euros)

(Reporting by Yousef Saba) ((Yousef.Saba@thomsonreuters.com; +971562166204; Reuters Messaging: https://twitter.com/YousefSaba))

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