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Sovereign Wealth Funds Briefing - Categorized | Investment

IPIC secures US$5 billion in funding

Posted on 06 July 2009

From Arabianoilandgas.com: The Abu Dhabi sovereign wealth fund, International Petroleum Investment Company (IPIC), has announced that it has successfully completed a US$5 billion fund-raising exercise.

IPIC, who are responsible for making investments in the hydrocarbons industry for the Abu Dhabi government said that the Bank of Tokyo-Mitsubishi, HSBC Bank Middle East and Banco Santander have been appointed as co-ordinators to jointly arrange syndicated term loan facilities to support financing requirements………Full Article: Source


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