Wednesday, 23 February 2011

UPDATE 1-Abu Dhabi's IPIC eyes bond sale after Cepsa buy | Reuters

Abu Dhabi's IPIC has appointed banks for a potential sterling and euro-denominated bond issue, a document showed on Wednesday, after the firm acquired Spain's Cepsa (CEP.MC) in a $5 billion deal earlier this month.

IPIC, or International Petroleum Investment Corporation, selected Goldman Sachs (GS.N) to coordinate the transaction, a document sent by arranging banks and seen by Reuters, said.

Roadshows will cover several European cities beginning in London on Feb 28.

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