Reuters cited a banking document on Tuesday that the UAE’s Mubadala Investment Company – the investment arm of the Abu Dhabi government – has been selling dollar-denominated bonds for 10 and a half years, but did not specify their price.
According to Reuters, the company has set a target price of around 200 basis points on 10-year US Treasuries.
Mubadala, a UAE sovereign wealth fund, manages an asset portfolio of approximately $ 284 billion and operates across companies and investments in more than 50 countries, focusing on a variety of sectors, including healthcare, energy, mining and financial investments.
Mubadala is looking to expand its investment portfolio, as it is conducting an investment round of approximately 550 million Brazilian reais ($ 105.3 million) in a Brazilian financial technology firm called CERC, media reported this month. .
According to Reuters, the bonds are expected to go public later today and will be issued by investment firm Mamora Diversified Global Holdings and HSBC is the manager of the issue.
(Prepared by: Shaima Hefzy, Editing: Yasmine Saleh, contact [email protected])
#economic news
To read the article about iKON, click down here
To subscribe to our daily roundup of economic and political news, sign up down here