The bond would be part of a bigger medium-term note programme for Mubadala as it seeks to diversify its funding strategy.
A deal would be a further sign of Abu Dhabi’s attempts to develop its capital markets. Last month, in a rare outing, the government placed $3 billion-worth of five-year and 10-year bonds that garnered huge support. Orders for the transaction reached $11.8 billion, with investors especially attracted to the five-year tranche. Citigroup, Deutsche Bank and JPMorgan acted as lead advisers.
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