Abu Dhabi government-owned International Petroleum Investment Company (Ipic) is raising a new loan of up to $5 billion, banking sources close to the deal said on Thursday.
The loan, which will be co-ordinated by Bank of Tokyo-Mitsubishi UFJ, HSBC and Santander, will be used to finance IPIC's recent acquisitions, a banker close to the deal said.
"The loan does not finance a specific acquisition, it finances IPIC's recent acquisition spree," he added.
No comments:
Post a Comment