By Colin Hanner
Chicago, April 12 – Abu Dhabi’s Mubadala Development Co. PJSC priced $1.5 billion of notes due 2024 and 2029 on Tuesday, a market source said.
The company priced $850 million of 3% seven-year notes at 99.375 to yield 3.1%.
A $650 million tranche of 3¾% 12-year notes priced at 99.981 to yield 3.752%.
The book was oversubscribed at $5.5 billion, a market source said.
Barclays, HSBC, Natixis, National Bank of Abu Dhabi, Standard Chartered and SMBC Nikko are the bookrunners for the Regulation S deal.
Mubadala is an Abu Dhabi-owned holding company.
| Issuer: | Mubadala Development Co. PJSC
|
| Amount: | $1.5 billion
|
| Description: | Notes
|
| Bookrunners: | Barclays, HSBC, Natixis, National Bank of Abu Dhabi, Standard Chartered and SMBC Nikko
|
| Trade date: | April 11
|
| Distribution: | Regulation S
|
|
|
| Seven-year notes
|
| Amount: | $850 million
|
| Maturity: | 2024
|
| Coupon: | 3%
|
| Price: | 99.375
|
| Yield: | 3.1%
|
|
|
| 12-year notes
|
| Amount: | $650 million
|
| Maturity: | 2029
|
| Coupon: | 3¾%
|
| Price: | 99.981
|
| Yield: | 3.752%
|
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