Mamoura launches bond, as euros draw ME issuers

AdobeStock_AbuDhabi_UAE_575x375_04March2021
By Mariam Meskin
04 Mar 2021

Mamoura Diversified Global Holding, an Abu Dhabi sovereign investment vehicle, launched a euro bond on Thursday. Issuers with access to and a need for both currencies, investors said, will find a haven in the euro market while volatility in dollar yields continues.

Mamoura, Aa2/AA/AA, is seeking a Reg S dual tranche senior unsecured euro benchmark bond across a six and a 13 year tranche.

By Thursday afternoon, price guidance was at 70bp-75bp over mid-swaps and 90bp-95bp over mid-swaps for the March 2027 and March 2034 notes. By that point, books were in excess ...

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