The UAE-based Mubadala Company intends to sell three-tiered bonds worth between three billion and four billion dollars.
The company received bulk purchase orders in excess of $ 17 billion for the operation.
According to Reuters, a document issued by one of the banks leading the process showed that Mubadala reduced its indicative price to about 220 basis points above the average fixed and variable interest rate swap rates for the term Six years, about 245 basis points above the 10-year fixed and variable rate swap rates and about 4.1 percent for 30-year double-listed Formosa bonds. It had previously given an initial indicative price at about 250 basis points above the six-year fixed and variable interest rate swaps and 275 basis points above the average swap rates The fixed and variable interest for ten-year bonds and about 4.375 percent for Formosa 30-year double-listing bonds. The deal is expected to close on Tuesday.
