Recently three people familiar to the sales fact has stated that Abu Dhabi’s International Petroleum Investment Co. may sell bonds in euros and pounds following investor meetings. The meetings will be held in cities including London, Amsterdam and Paris on 28th of February.

The names of the companies who are planning to hold this meeting has also been disclosed. They were Goldman Sachs Group Inc., Deutsche Bank AG, BNP Paribas SA, Banco Santander SA, Credit Agricole CIB, and UniCredit SpA. Abu Dhabi government is the owner of the IPIC.

Around $2.5 billion were raised by IPIC in a debut offering of five and ten year dollar bonds in the month of November last year. The five year bond has $1 billion of the total billion and the rest 1.5$ were of ten-year. In last five years of time, total 3.125 percent of the bonds were priced to yield 195 basis points up from same maturity of U. S. Treasuries. While 10- year, 5 percent-coupon notes were priced at a defer spread of 245 basis points over Treasuries as stated by the company on 16th Nov.

The yield on the five-year notes has fallen to 4 basis points. At 1:36 p. m. it was recorded at 4.009 percent in Abu Dhabi. It has hit a record-high of 4.045 percent yesterday. This has been informed by the Bloomberg composite prices.