Mubadala tightens guidance for bond sale that drew $16bln demand
Abu Dhabi sovereign investor Mubadala is set to raise $1.5 billion from a dual-tranche bond sale that drew over $18 billion in demand, a bank document showed on Thursday. The spreads were tightened by as much as 45 basis points (bps) from initial guidance to 105 bps over U.S. Treasuries (UST) for a 10-1/2-year tranche … [Read more…]