30.11.2012 - Offering by Abu Dhabi's Ipic boosts bond sales to record
GCC bond sales jumped to a record this week after International Petroleum Investment (Ipic) seized on low borrowing costs to raise US$2.9 billion in the region's biggest corporate offering this year. Debt issuances in the GCC, which supplies about a fifth of the world's oil, reached $37.4bn after the Abu Dhabi state-owned energy investor Ipic sold dollar and euro-denominated notes. That took regional sales almost 4 per cent above the previous record in 2009, according to data compiled by Bloomberg. Ipic's offering topped the $2bn raised by Qatar National Bank this year...............................................Full Article: Source
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