23 Nov 2011 07:08
USE OF CAPITAL MARKET BOND ISSUANCE PROCEEDS
PREPAYMENT OF EXISTING FACILITY
International Petroleum Investment Company (IPIC), in accordance with the stated use of proceeds from its November 2011 issuance of 3.75 % USD 1.5bn 2017s, 5.5% USD 1.5bn 2022s, and 6.875% USD 750m 2041s notes , has prepaid all amounts outstanding under its March 2010 multicurrency facility agreement, being USD 2.085bn, Euro 919m, and AED 1.010bn. IPIC has also used the proceeds to prepay all amounts outstanding under its September 2010 facility agreement, being USD 150m.