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FINANCIAL NEWS
Abu Dhabi’s Mubadala to approach banks for USD2b refinancing
30 Jan 2013
(MENAFN) Mubadala Development Company, the Abu Dhabi state investment vehicle, plans to approach lenders for a USD2 billion revolving credit facility next week, replacing it with a three-year, multi-currency loan, Reuters reported.
Kelly Thomson, head of structured finance at Mubadala expected the pricing for the new facility, which will be self-arranged, to be “a bit vicious”.
The new loan will be denominated in dollar, euros and pounds, she added.
Mubadala, established in 2002, owns stakes in global companies like General Electric, private equity firm Carlyle and Advanced Micro Devices (AMD).
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