Abu Dhabi's International Petroleum sets talk for bonds due 2015, 2020

By Christine Van Dusen

Atlanta, Nov. 9 - Abu Dhabi's International Petroleum Investment Co. set price talk for a two-tranche issue of bonds due 2015 and 2020 (Aa3/AA/AA), a market source said.

The five-year notes, totaling up to $1.5 billion, are being talked at a spread in the Treasuries plus 200 basis points area. The 10-year notes, totaling about $1 billion, are being talked at a spread in the Treasuries plus 250 bps area.

Goldman Sachs, Bank of America Merrill Lynch, HSBC, National Bank of Abu Dhabi, Standard Chartered and RBS are the bookrunners for the Rule 144A and Regulation S deal.

International Petroleum oversees foreign investment in the oil industry.

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