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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




Tags: abu dhabi | Mubadala Development Company | finance | credit facility |

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