International Petroleum Investment Company(Ipic), the Abu Dhabi Government's strategic energy investment enterprise, has raised the equivalent of US$4.4 billion (Dh16.16bn) from a bond sale to buy Spain's Compania Espanola de Petroleos (Cepsa).
The Mena region's first euro and sterling-denominated multi-tranche bond issue will help to expand Ipic's European oil refining and petrochemicals network.
The conclusion of the two-tiered offering suggested there was still a healthy international appetite for debt backed by the Abu Dhabi Government.
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