For BLU, barring any possible hidden damage reduction bypass traits, this thing's essentially only good for sport.
60D is actually very good for a sword. It's a nice weapon to use if you don't have a magian sword for some reason (which you should!).
+5% HP would be nice, particularly when coupled with Hofud's +3%, if breaths were useful.
10MND and 10CHR are worthless.
The additional effect is interesting, but it's pretty much mandatory that it'll be a low proc rate and next to worthless as it will not work on anything that you'd "want" it to work on.
For WAR and DRK: why?
Overall 5/10 because it's gonna look dope in Jeuno.
Sword weaponskills are generally junk and using this just for 10mnd is like going back in time to 75 cap when people used ifrit blade offhand when you had anelace +1 kogglemander, beast slayer as far superior weapons.