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SecuritizationCLOs-CDOs

IPIC blow-out success encourages MidEast lenders

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Abu Dhabi’s International Petroleum Investment Co (IPIC) received such a strong reception in senior syndication that it has cancelled the retail phase of its loan. It picked up $6.4bn of commitments from 16 lenders and bankers were delighted with the result, saying it boded well for the wider Middle Eastern market.

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