Tuesday 13 November 2012

UPDATE 1-Abu Dhabi's IPIC picks banks for bond issue | Reuters

International Petroleum Investment Co (IPIC), the Abu Dhabi government-owned investment vehicle, has mandated banks for a bond issue which could be announced as early as Tuesday, sources familiar with the matter said.

IPIC picked BNP Paribas, JP Morgan Chase, National Bank of Abu Dhabi, Natixis, RBS and Unicredit for the issue, the sources said.

Two sources indicated the upcoming bond would consist of a dollar tranche and another currency, most likely euros. All sources declined to be identified because details of the bond plans are not yet public.

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