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.

(Sourced from Reuters)