Mubadala finalises $2.5bn credit facility
Abu Dhabi, April 18, 2010
Abu Dhabi government-owned Mubadala Development Company has finalised a three-year, $2.5 billion revolving credit facility with a group of international banks, its chief financial officer said on Sunday.
'It is a matter of days for the signing,' Carlos Obeid told reporters at a property show.
'It is for general corporate purposes. The terms are better compared to the market now,' he said without being more specific.
A group of 19 banks including Citigroup, HSBC, RBS, Standard Chartered, Calyon and others are part of the club deal financing Mubadala, he said.
The loan is a refinancing of an existing facility.-Reuters