Investors placed orders for US$11 billion (Dh40.39bn) of bonds sold this week by the International Petroleum Investment Company (IPIC), an Abu Dhabi Government-owned vehicle that holds some of the emirate's most high-profile foreign investments.
The $2.5bn bond, IPIC's first, was 4.4 times oversubscribed, the fund said in a statement yesterday.
'IPIC continues to establish new precedents for Abu Dhabi,' said Khadem al Qubaisi, the managing director of IPIC. 'It has always been an objective of IPIC to diversify our capital structure and partner with the international capital markets."
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