Abu Dhabi-owned investment fund, Mubadala Development, is raising $1.5 billion in a two-part bond issue, Reuters reports. The $750 million notes to be sold in the first tranche are scheduled to mature in 2016. The $750 million that will be offered in the second part are scheduled to mature in 2021. HSBC, Standard Chartered, National Bank of Abu Dhabi, Societe Generale and Barclays Capital are arranging the issue.
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