Wednesday, Nov 28, 2012
(This article was originally published Tuesday.)
DUBAI (Zawya Dow Jones)--Abu Dhabi government-owned International Petroleum Investment Co. will price a three-part bond later Tuesday after receiving strong demand, according to a lead arranging bank.
The $750 million, three-year tranche has a price guidance of 135-140 basis points over midswaps, while the two-tranche euro portions total EUR1.65 billion with the five and a half years bond guidance at 145-150 basis points over midswaps and the 10 and a half years guidance at 195-200 basis points over midswaps.
Total orders for all the three tranches 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 are the 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 0345GMT
