Abu Dhabi state reserve Mubadala started taking requests for two-tranche euro-designated bonds containing six-and 13-year paper, a report appeared on Thursday.
Starting direction was around 85 basis points (bps) over mid-swapss for the six-year notes and somewhere in the range of 105 and 110 bps over mid-swaps for the 13-year notes, the documents from one of the banks on the arrangement showed.
Abu Dhabi Commercial Bank, BNP Paribas, Citi, First Abu Dhabi Bank, ING, JPMorgan, Morgan Stanley and Standard Chartered are organizing the arrangement, which is relied upon to be launched later on Thursday.
