By Marisa Wong and Cristal Cody
Los Angeles, Oct. 26 – MDGH GMTN (RSC) Ltd. sold $750 million of 5 7/8% senior notes due May 1, 2034 at Treasuries plus 110 basis points on Wednesday, according to a market source.
Initial price talk for the inaugural offering of green notes (Aa2//AA) was in the Treasuries plus 150 bps area, as previously reported.
The Rule 144A and Regulation S notes will be guaranteed by Mamoura Diversified Global Holding PJSC.
The joint lead managers and joint bookrunners for the registered offering are Abu Dhabi Commercial Bank PJSC, Credit Agricole CIB, Deutsche Bank AG, London Branch, First Abu Dhabi Bank PJSC, HSBC Bank plc, ING Bank NV, London Branch, J.P. Morgan Securities plc, Mizuho International plc and Standard Chartered Bank, with JPMorgan handling billing and delivery.
Mamoura is an investment firm based in Abu Dhabi.
| Issuer: | MDGH GMTN (RSC) Ltd.
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| Guarantor: | Mamoura Diversified Global Holding PJSC
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| Amount: | $750 million
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| Issue: | Senior notes (green notes)
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| Maturity: | May 1, 2034
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| Bookrunners: | Abu Dhabi Commercial Bank PJSC, Credit Agricole CIB, Deutsche Bank AG, London Branch, First Abu Dhabi Bank PJSC, HSBC Bank plc, ING Bank NV, London Branch, J.P. Morgan Securities plc (billing and delivery), Mizuho International plc and Standard Chartered Bank
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| Coupon: | 5 7/8%
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| Spread: | Treasuries plus 110 bps
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| Pricing date: | Oct. 25
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| Ratings: | Moody’s: Aa2
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| Fitch: AA
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| Distribution: | Rule 144A and Regulation S
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| Initial price talk: | Treasuries plus 150 bps area
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