July 14, 2021 |
Abu Dhabi-based sovereign wealth fund Mubadala sold $1.8 billion worth of 10-year bonds on Tuesday to fund the acquisition of a refinery in Brazil, according to sources involved in the deal.
Mubadala subsidiary MC Brazil priced the 2031 bonds at par to yield 7.25% after receiving $3.6 billion in orders. It had opened the deal with the initial price talk in the 7.5% area and set guidance at 7.25%, a sell-side source said.
"The price was fair," said an investor who participated in the deal. "The s
Abu Dhabi-based sovereign wealth fund raises $1.8 bln to buy RLAM from Petrobras