FINANCIAL NEWS

Mubadala considers issuance of benchmark bond

04 Mar 2011

(MENAFN) The executive director of structured finance and capital markets at Mubadala, Derek Rozycki, said that the company is considering issuing a benchmark bond in 2011, reported Gulf News.

According to the executive director, Mubadala would use funds for general corporate purposes.

Rozycki said that the government-owned fund Mubadala was not negatively affected by helping 2 Abu Dhabi firms restructure large debt piles. The funds given by the company amounted to about USD 6.4 billion.

It is worth noting that Mubadala holds stakes in Advanced Micro Devices and Ferrari, as well as General Electric and private equity firm Carlyle.

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