Barclays , Credit Agricole , Emirates NBD
Capital , Mizuho , Natixis and SMBC Nikko are also working on the deal.
The wealth fund, which manages $284 billion in assets, saw
net debt increase by $4.5 billion in the year to end-2022, an
investor presentation showed.
The fund has been actively investing this year. It will
invest $500 million in U.S.-based broadband service provider
Brightspeed, they said this month.
Mubadala and Asia's largest healthcare investment firm CBC
Group last month led a $315 million investment in Chinese
pharmaceutical firm Hasten Biopharmaceutic.
And in April, M42, a healthcare joint venture set up last
month between Mubadala and Abu Dhabi artificial intelligence
firm G42, said it was acquiring Bridgepoint Group's European
dialysis clinic chain Diaverum. The deal could value the
Sweden-based firm at about $2-$2.5 billion, a person familiar
with the matter told Reuters.
(Reporting by Yousef Saba;
Editing by David Goodman and Emelia Sithole-Matarise)
(Rewrites throughout with final terms, banks coordinating the
sale, details from an investor presentation)
DUBAI, May 11 (Reuters) - Abu Dhabi sovereign investor
Mubadala is set to raise $1.5 billion from a dual-tranche bond
sale that drew over $18 billion in demand, a bank document
showed on Thursday.
The spreads were tightened by as much as 45 basis points
(bps) from initial guidance to 105 bps over U.S. Treasuries
(UST) for a 10-1/2-year tranche and 135 bps over UST for 30-year
Formosa bonds, the document reviewed by Reuters showed.
Mubadala last tapped the debt markets in October with $1
billion 10-1/2-year Formosa bonds.
Abu Dhabi Commercial Bank , BNP Paribas ,
Citi , First Abu Dhabi Bank , JPMorgan and
Standard Chartered are joint global coordinators on the
dual-tranche bond sale.
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