Abu Dhabi's Dolphin Energy taps BNP, RBS for bond issue, guidance expected in July 20 week

By Aaron Hochman-Zimmerman

New York, July 17 - Dolphin Energy Ltd. mandated RBS and BNP Paribas for a bond (Aa2/AA/AA) issue, a market source said.

Initial guidance is expected to be released during the coming week.

Dolphin Energy is an energy firm 51% owned by Mubadala Development Co. of the Emirate of Abu Dhabi.

Mubadala itself priced $1.75 billion of five- and 10-year bonds on April 29.

The $1.25 billion of five-year bonds priced at a spread of Treasuries plus 395 bps.

The $500 million 10-year bonds priced at a spread of Treasuries plus 462.5 bps.

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