By Reuters
ABU DHABI, Nov 23 (Reuters) - International Petroleum Investment
Co. (IPIC) has repaid $3.75 billion in ahead of their 2013 maturity
dates, the Abu Dhabi investment vehicle said on Wednesday.
The two facilities were taken in 2010.
"Our
issuance and subsequent prepayments of our facilities clearly
demonstrate that IPIC is prudently managing its liabilities," Khadem
al-Qubaisi, IPIC's managing director, said in a statement.
State-owned IPIC priced a bumper $3.75 billion three-tranche deal in October which it said would be used to refinance debt.
ABU DHABI, Nov 23 (Reuters) - International Petroleum Investment
Co. (IPIC) has repaid $3.75 billion in ahead of their 2013 maturity
dates, the Abu Dhabi investment vehicle said on Wednesday.
The two facilities were taken in 2010.
"Our
issuance and subsequent prepayments of our facilities clearly
demonstrate that IPIC is prudently managing its liabilities," Khadem
al-Qubaisi, IPIC's managing director, said in a statement.
State-owned IPIC priced a bumper $3.75 billion three-tranche deal in October which it said would be used to refinance debt.