Arab News, Tue, Mar 26, 2024 | Ramadan 16, 1445
Abu Dhabi’s Mubadala hires banks for debut 10-year sukuk, document says
Emirates:
Abu Dhabi sovereign wealth fund Mubadala Investment Co. has picked banks for its
debut 10-year sukuk, a document seen by Reuters on Monday showed.
Mubadala, through its unit Mamoura Diversified
Global Holding, has appointed ADCB, First Abu Dhabi Bank and HSBC as joint
global coordinators, while ADIB, BOFA Securities, and Citi are working on the
deal as joint lead managers and bookrunners along with Emirates NBD Capital,
MUFG and Standard Chartered Bank.
The banks will arrange investor meetings starting
March 25 followed by a benchmark-sized, US dollar denominated 10-year senior
unsecured sukuk under MDGH Sukuk Ltd’s newly established Trust Certificate
Issuance Programme, the document added.