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04/21/2009 / BAHRAIN - UNITED ARAB EMIRATES / GLOBAL LOAN SYNDICATION
A transaction which reinforces Calyon's presence in Abu Dhabi
In February 2009, Calyon was appointed Initial mandated lead arranger and Bookrunner in a USD / AED 850 million (USD equivalent) - 3-year syndicated financing arranged by International Petroleum Investment Company (IPIC). This deal has been arranger for general corporate purposes including funding the acquisition of an interest in Australia's Oil Search Limited, a company involved in a Liquefied Natural Gas project in Asia.
It is a core client of Calyon and Calyon Gulf was in 2005 Initial mandated lead arranger and Documentation bank in a EUR 590 million transaction to finance the acquisition by IPIC of Neste's Oil stake in Borealis, a European Petrochemical company.
IPIC is owned by the Government of Abu Dhabi and it owns strategic participations in the following international companies in the Energy sector : Hyundai Oil, CEPSA, OMV, Cosmo Oil, Electricite do Portugal…etc.
The transaction further reinforces Calyon's growing presence in Abu Dhabi, the richest of the United Arab Emirates and notably with Government owned companies (Mubadala, Etisalat...etc).
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It is a core client of Calyon and Calyon Gulf was in 2005 Initial mandated lead arranger and Documentation bank in a EUR 590 million transaction to finance the acquisition by IPIC of Neste's Oil stake in Borealis, a European Petrochemical company.
IPIC is owned by the Government of Abu Dhabi and it owns strategic participations in the following international companies in the Energy sector : Hyundai Oil, CEPSA, OMV, Cosmo Oil, Electricite do Portugal…etc.
The transaction further reinforces Calyon's growing presence in Abu Dhabi, the richest of the United Arab Emirates and notably with Government owned companies (Mubadala, Etisalat...etc).