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Abu Dhabi’s state fund Mubadala is assessing whether to issue a new bond when a $1.25bn issue matures in May, the fund said yesterday.
“As with any debt maturity within the Mubadala group, we are currently assessing options for the May 2014 $1.25bn bond maturity,” a spokesperson said in an e-mailed reply to Reuters questions.
The maturity is part of a $1.75bn, two-tranche bond which the fund sold in 2009, with the remaining $500mn set to mature in 2019. The only other time Mubadala has publicly sold debt was in April 2011, when it sold a $1.5bn, two-part bond.
Mubadala, rated AA by Fitch and Standard & Poor’s, is an investment vehicle fully owned by the Abu Dhabi government.
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