Wednesday, Nov 28, 2012
DUBAI (Zawya Dow Jones)--Abu Dhabi government-owned International Petroleum Investment Co. has priced a three-part, dual currency bond after receiving strong demand, according to a lead arranging bank.
The $750 million, three-year tranche carries a coupon of 1.75%; while the EUR800 million, five and a half years bond has a coupon of 2.375%; and the EUR850 million, 10 and a half years portion has a coupon of 3.625%. Pricing for all the three tranches was tighter than the initial guidance.
Total orders for the three-part bond were about $15 billion, a person familiar with the deal told Zawya Dow Jones Tuesday.
BNP Paribas, J.P.Morgan, National Bank of Abu Dhabi, Natixis, RBS and Unicredit were lead managers on the deal.
The issuer is rated Aa3 by Moody's, AA by Standard and Poor's Corp., and AA by Fitch Ratings.
Write to Nikhil Lohade at nikhil.lohade@dowjones.com
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
28-11-12 0648GMT
