By Frank Jackman
08.30 AM
Emirati state-owned Mamoura Diversified Global Holding returned to the MTN market this week to sell its first private placement since its parents’ merger in 2017.
“This is an incredibly rare MTN issuer,” said one MTN banker away from the deal.
According to Dealogic, it last privately placed debt as the International Petroleum Investment Company (IPIC) in December 2016 when it sold a $700m 3.386% five year deal through First Abu Dhabi Bank.IPIC
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KUALA LUMPUR (May 10): 1Malaysia Development Bhd (1MDB) has filed a total of six separate suits, including against foreign banks Deutsche Bank, JP Morgan and Coutts & Co.
Also sued are individuals including former prime minister Datuk Seri Najib Razak, former Treasury secretary-general Tan Sri Mohd Irwan Serigar, as well as former 1MDB chief executive officers (CEOs) Datuk Shahrol Ibrahim Halmi and Arul Kanda Kandasamy, among others.
One of the six suits filed is against Deutsche Bank (Malaysia) Ltd, Coutts & Co Ltd, JP Morgan (Switzerland) Ltd and two PetroSaudi companies for alleged negligence, breach of contract, conspiracy to defraud the company and dishonest assistance to defraud to the total amount of US$4.923 billion (about RM20.22 billion).
1MDB-Tanore Trial: When subordinates called the shots theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
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DUBAI (Reuters) - Abu Dhabi state fund Mubadala has hired banks to arrange a planned dual-tranche issue of euro-denominated bonds, a document seen by Reuters showed.
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Citi and JPMorgan were hired as global coordinators, with Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley and Standard Chartered as joint bookrunners, the document from one of the banks showed.
They will hold investor calls starting on Tuesday, to be followed by an issue of six-year and 12-year euro-denominated bonds, subject to market conditions.
Reuters reported last month that Mubadala was planning an international bond sale.