Monday 17 October 2011

Abu Dhabi's IPIC may issue new bonds after investor meetings | Reuters

Abu Dhabi's International Petroleum Investment Co (IPIC) is eyeing a potential bond issue "subject to market conditions" after meeting investors in Europe and the United States in coming days.

Barclays Capital , JP Morgan , Mitsubishi UFJ Securities , Natixis and Societe Generale are arranging meetings and IPIC has picked Goldman Sachs as global coordinator, a mandate announcement said on Monday.

IPIC met investors in London in June but insisted at the time it was not in the market for a bond, and would only undertake a capital markets transaction in coordination with Abu Dhabi's Debt Management Office (DMO).

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