Economy Local October 29, 2024

Mubadala Starts Receiving Bids for Sukuk | Ours Abroad News

Mubadala, the Abu Dhabi sovereign wealth fund, seeks bids for its five-year sukuk in dirhams, with a benchmark price set at 4.850%.


Mubadala Starts Receiving Bids for Sukuk | Ours Abroad News

The company "Investment Exchange", is one of the sovereign wealth funds in Abu Dhabi, has started receiving offers on its bonds in UAE dirhams for five years, according to a financial document revealed on Tuesday. The final price is expected to be determined later today. The indicative price for the sale of the bonds is set at 4.850%, and it is planned to issue bonds not guaranteed by the benchmark within the bond issuance certificate program for the associated company "Diversified Global Holdings", which is affiliated with the exchange. The benchmark is usually related to the bond issuance valued at no less than 500 million dollars.