Published on 3/28/2022 in the Prospect News Emerging Markets Daily.
New Issue: Mamoura’s MDGH GMTN unit prices $1.5 billion of notes due 2027, 2032
By Marisa Wong
Los Angeles, March 28 – MDGH GMTN (RSC) Ltd. priced $500 million of 3% notes due 2027 and $1 billion of 3 3/8% notes due 2032, according to separate term sheets.
The 2027 notes priced at 99.586, and the 2032 notes priced at 99.178.
The bonds are guaranteed by Mamoura Diversified Global Holdings PJSC.
HSBC Bank plc is the manager.
Mamoura is an investment firm based in Abu Dhabi.
Issuer: | MDGH GMTN (RSC) Ltd.
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Guarantor: | Mamoura Diversified Global Holdings PJSC
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Issue: | Medium-term notes
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Amount: | $1.5 billion
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Put option: | At par upon change of control
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Issue date: | March 28
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Listing: | London
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Distribution: | Regulation S
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2027 notes
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Issue: | Senior notes, series 25, tranche 1
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Amount: | $500 million
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Maturity: | March 28, 2027
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Coupon: | 3%
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Price: | 99.586
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Call option: | At par beginning Feb. 28, 2027; at par for tax reasons or an event of default
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ISIN: | XS2455985569
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2032 notes
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Issue: | Senior notes, series 26, tranche 1
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Amount: | $1 billion
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Maturity: | March 28, 2032
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Coupon: | 3 3/8%
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Price: | 99.178
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Call option: | At par beginning Dec. 28, 2031; at par for tax reasons or an event of default
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ISIN: | XS2455984679
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