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Mamoura Diversified Global Holding bonds debut on the London Stock Exchange: A subsidiary of Mubadala Investment Company, Mamoura Diversified Global Holding (MDGH) is listing two bond issuances, one with a total amount of USD 4.8 bn and one totaling AED 750 mn on the London Stock Exchange (LSE), starting today, according to an ADX disclosure.
The bonds include USD 4.8 bn senior unsecured green notes, issued on 25 October 2023, with a fixed interest rate of 5.875% and a tenor of 10.5 years. The bonds carry issue ratings of Aa2 from Moody’s and AA from Fitch.
The second issuance is AED 750 mn in senior unsecured notes, issued on 8 November 2023, have a fixed interest rate of 5.650% and a tenor of 5 years. The denomination for the notes is AED 500k with integral multiples of AED 5k. Semi-annual interest payments are scheduled on 15 May and 15 November until 2028. The bonds carry an issue rating of AA from Fitch.
BACKGROUND- MGDH GMTN is the vehicle Mubadala uses to raise long-term capital. You can check out the prospectus for the current program here (pdf).
