Abu Dhabi’s Mubadala Investment Co. set to debut 10-year sukuk
In a bold move, Abu Dhabi’s sovereign wealth fund Mubadala Investment Co. has selected banks for its highly anticipated debut 10-year sukuk, as revealed in a document obtained by Reuters on Monday.
Mubadala, operating through its subsidiary Mamoura Diversified Global Holding, has strategically appointed ADCB, First Abu Dhabi Bank, and HSBC as joint global coordinators for this groundbreaking venture. In addition, ADIB, BOFA Securities, and Citi have been enlisted as joint lead managers and bookrunners, alongside Emirates NBD Capital, MUFG, and Standard Chartered Bank.
The stage is set for investor meetings to commence on March 25, paving the way for a benchmark-sized, US dollar denominated 10-year senior unsecured sukuk under MDGH Sukuk Ltd’s newly established Trust Certificate Issuance Programme. This move is expected to make waves in the financial market and solidify Mubadala’s position as a key player in the global economy.