T + T – Normal size
A term sheet showed that the holding company» (ADQ)opened an order book for a record-sized dual-tranche bond issue on Wednesday..
According to the document seen by Reuters, the holding company identified» (ADQ)The initial guidance price is at 115 basis points over the US Treasury for the seven-year note and at 150 basis points over the same benchmark for the 30-year note..
The holding company owns» (ADQ)significant assets. It raised $2.5 billion in its debut bond issue in April amid strong demand from global investors that allowed for better pricing at the offering..
A presentation to investors reviewed by Reuters showed the fund had total assets under management of $225 billion as of the end of June..
The fund appointed Abu Dhabi Commercial Bank, Bank of America Securities, Bank of China, BNP Paribas, First Abu Dhabi Bank, JPMorgan and Mizuho as joint global coordinators and active bookrunners for the bond sale..
The standard size is usually at least $500 million..
Holding Company» (ADQ) Its investments have focused primarily on local and regional assets so far..
