IPIC Plans Euro, Pound Bonds Sale

Abu Dhabi-based International Petroleum Investment Company is planning to sell its bonds in euros and pounds.

Abu Dhabi-based International Petroleum Investment Company (IPIC) is planning to sell its bonds in euros and pounds, Bloomberg reports. The company may sell the notes following investor meetings in cities, including London, Amsterdam and Paris starting Feb. 28, 2011. Goldman Sachs, Banco Santander, BNP Paribas, Credit Agricole, Deutsche Bank and UniCredit are arranging the meetings for the government-owned company. In November, IPIC raised $2.5 billion in a debut offering of five- and 10-year dollar bonds.

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