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Abu Dhabi-based Mubadala launches $500 million seven-year notes at mid-swaps plus 150 bps
By Paul A. Harris
Portland, Ore., May 9 – Abu Dhabi-based holding company Mubadala Development Co. PJSC launched $500 million of seven-year notes at mid-swaps plus 150 basis points on Monday, according to a market source.
The spread comes tight to the mid-swaps plus 170 bps initial price talk.
Merrill Lynch International, BNP Paribas Securities Corp., First Gulf Bank PJSC, J.P. Morgan Securities plc, MUFG and Societe Generale are the bookrunners for the Rule 144A and Regulation S deal.
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