Abu Dhabi Crude Oil Pipeline, indirectly wholly owned by Abu Dhabi’s state-owned oil company ADNOC, on Thursday starts a series of fixed-income investor meetings ahead of a planned $3 billion dual-tranche bond, a document issued by one of the lead banks showed late on Wednesday.
The company will meet investors in the United States, Europe, Asia and the Middle East ahead of a potential 144A/Regulation S senior secured U.S. dollar fixed-rate dual tranche offering, including an $800 million 12-year bullet tranche and around $2.2 billion of 30-year amortising notes.
First Abu Dhabi Bank, HSBC, J.P. Morgan and MUFG have been hired as joint global coordinators and joint bookrunners for the deal, while Moelis & Company is working as financial adviser to ADNOC.
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