Abu Dhabi's International Petroleum Investment Company is eyeing a potential bond issue subject to market conditions after meeting investors in Europe and the US in coming days.

Barclays Capital, JP Morgan, Mitsubishi UFJ Securities, Natixis and Societe Generale are arranging meetings and IPIC has picked Goldman Sachs as global coordinator.

IPIC met investors in London in June but insisted at the time it was not in the market for a bond and would only undertake a capital markets transaction in coordination with Abu Dhabi's Debt Management Office.

The latest meetings are due to commence in Germany on October 19th 2011 and will take in Switzerland, Paris and London as well as Los Angeles and Boston, before ending in New York on October 26th 2011.

IPIC last tapped global debt markets in March when it raised about USD 4 billion in three tranche euro and sterling-denominated bonds. After two months of inactivity due to the euro zone debt crisis and turmoil in global financial markets, high grade quasi-sovereign borrowers from the Gulf region may be close to resuming issuance.

(Sourced from Reuters)