Aabar follows Mubadala into refi market

Abu Dhabi investment firm Aabar Investments has approached banks to refinance a $2bn-equivalent facility that is due to mature in May. The deal comes a fortnight after Abu Dhabi’s state-run investment vehicle Mubadala approached the market for a $2bn refinancing.

  • 20 Feb 2013

Aabar is targeting tight, relationship-level pricing, said three senior loans bankers, who added that terms are still being negotiated.

“Aabar is a bit more challenging than Mubadala,” said a senior loans banker. “It has a slightly smaller banking group.”

However, Aabar’s deal should still get done, said all ...

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