According to lead arrangers for debt repayment and general corporate purposes, Abu Dhabi investment vehicle International Petroleum Investment Company plans to issue a dual tranche benchmark sized dollar denominated bond.
Benchmark sized bonds are at least USD 500 million in value. Initial price talk for the long 5 year tranche maturing 2016 was at about 275 basis points over US Treasuries and about 325 basis points over UST for the long 10 year tranche, maturing 2022.
