IPIC set to test appetite for MidEast loans
Abu Dhabi’s International Petroleum Investment Company (IPIC) is set to test the strength of the Middle Eastern loan market shortly when it launches the region’s first big syndication of the year.
The borrower is ready to bring its new money deal to local and regional banks after clubbing together a syndicate of about 10 or 12 senior lenders, with the aim of raising about $4bn.
Bankers are confident that IPIC will be able to sell down a substantial amount of
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