Commentary & Deal Flow

MDGH GMTN RSC Ltd (MUBAUH), exp issue ratings AA/AA by S&P/Fitch (issuer ratings Aa2/AA/AA (s/s/s)), US$750m 144A/Reg S 10y FXD sr notes due 10/16/35. 3mos par call. CoC put. ADCB (JGC)/BoC/Citi (JGC)/FADB (JGC)/DB/GS/Miz/Sant/StanChart (B&D/JGC) as JLMs/JBRs. Guarantor: Mamoura Diversified Global Holding PJSC. Coupon: FXD, S/A, 30/360. Denoms: USD 200k x 1k. Listing: London Stock Exchange - Regulated Market. Law: English Law. Off Global MTN Programme. UOP: Pricing 10/8. Settle 10/16 (T+5). 144A CUSIP / ISIN: 55285GAF1 / US55285GAF19.

IPTs: T+90 area.
LAUNCHED: $750m 10y at T+55. Orderbook > US$5.6bn (excl. JLM interest). Global book subject at 09:30 ET / 14:30 UKT / 17:30 UAE / 21:30 HKT.

PRICED: $750m 4.625% 10/16/35 99.699 4.663% T+55.