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| 19 October, 2017

Abu Dhabi's ADNOC starts investor meetings ahead of planned $3bln bond

ADNOC Distribution Opens Two New Service Stations in Abu Dhabi and Ras Al Khaimah

ADNOC Distribution Opens Two New Service Stations in Abu Dhabi and Ras Al Khaimah

ADNOC/ Handout via Thomson Reuters Zawya

ADNOC will meet investors in the United States, Europe, Asia and the Middle East ahead of a potential 144A/Regulation S senior secured U.S. dollar fixed-rate dual tranche offering,

DUBAI - Abu Dhabi Crude Oil Pipeline, indirectly wholly owned by Abu Dhabi's state-owned oil company ADNOC , on Thursday starts a series of fixed-income investor meetings ahead of a planned $3 billion dual-tranche bond, a document issued by one of the lead banks showed late on Wednesday.

The company will meet investors in the United States, Europe, Asia and the Middle East ahead of a potential 144A/Regulation S senior secured U.S. dollar fixed-rate dual tranche offering, including an $800 million 12-year bullet tranche and around $2.2 billion of 30-year amortising notes.

First Abu Dhabi Bank, HSBC, J.P. Morgan and MUFG have been hired as joint global coordinators and joint bookrunners for the deal, while Moelis & Company is working as financial adviser to ADNOC.

(Reporting by Davide Barbuscia; Editing by David Holmes) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))