Middle East Economic Survey
VOL. LIII
No 46
15-Nov-2010
UAE
IPIC Issues Bonds Worth $2.5bn
Abu Dhabis International Petroleum Investment Company (IPIC) issued $2.5bn worth of bonds in two parts 9 November. The $1bn five-year tranche was priced at 195 bps over US treasuries and the $1.5bn 10-year tranche was at 245 bps over US treasuries. This was lower than price guidance of 200 bps and 250 bps for the five and 10-year tranches respectively, suggesting strong investor demand. IPIC is the...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!