ABU DHABI, April 29 (Reuters) - Abu Dhabi sovereign

wealth fund, Abu Dhabi Developmental Holding (ADQ), has mandated

banks for a benchmark-sized two-tranche debut US-dollar bond

issue, fixed income news service IFR reported on Monday.

The state fund, which branded as ADQ in 2020, is

pursuing a debt sale to help diversify its funding sources for

future acquisitions, a person familiar with the plans told

Reuters.

Citigroup ( C/PN ), Credit Agricole, First Abu Dhabi Bank,

Goldman Sachs International, HSBC ( HSBC ) and Standard Chartered ( SCBFF ) are

joint global coordinators and active bookrunners on the deal,

which is expected to be sold in 5- and 10-year tranches, IFR

said.

IMI-Intesa Sanpaolo and Abu Dhabi Commercial Bank are

joint passive bookrunners.

Mandated banks are due to hold a global investor call on

April 29. Benchmark-sized is typically understood to be at least

$500 million.

ADQ, the smallest of Abu Dhabi's three main sovereign

wealth funds, is chaired by Sheikh Tahnoon bin Zayed Al Nahyan,

brother of the UAE president.

It has been a key UAE vehicle for investments in

Egypt

, and in February signed a deal with the government to

develop a prime stretch of its Mediterranean coast, slated to

bring $35 billion of investments to the indebted country.