Sunday 12 June 2011

Abu Dhabi's Ipic to hold non-deal investor meetings, not bond | Alrroya

Abu Dhabi's International Petroleum Investment Co (Ipic) said on Sunday it planned to hold non-deal investor meetings and would only issue bonds in coordination with Abu Dhabi's debt management office. Ipic, fully owned by the Abu Dhabi government, hired banks to arrange the meetings in London this week, according to a document seen by Reuters.

"The company is not executing any capital markets transaction," Ipic said in a statement.

"As Ipic has done in the past, any future bond issuance by Ipic will be fully coordinated with the Debt Management Office of the Government of Abu Dhabi."

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