Sovereign Wealth Middle East Debt Scoop for 2021
Posted on 03/03/2021
Saudi Arabia’s Public Investment Fund (PIF) is in talks for another loan deal. The loan amount is in the range of US$ 10 billion to US$ 15 billion.
Mubadala Investment Company, through Mamoura Diversified Global Holding, hired Citi and JPMorgan were hired as global coordinators for a planned dual-tranche issue (six-year and 12-year) of euro-denominated bonds. Other banks involved in the raise include Abu Dhabi Commercial Bank, BNP Paribas, First Abu Dhabi Bank, ING, Morgan Stanley, and Standard Chartered.
Abu Dhabi Commercial Bank (ADCB) signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance PJSC with a gross book value of AED 1.1 billion (US$ 300 million). The portfolio is made up of approximately 76 percent residential mortgages and 24 percent commercial mortgages. Abu Dhabi Finance is a financial services company mortgage lender that was formed in 2008 as a priva
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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.