5 Mar 2012 08:41
RNS Number : 6636Y
IPIC GMTN Limited
05 March 2012
REFINANCING
On March 1, 2012, International Petroleum Investment Company (IPIC) entered into a two year dual currency facility of USD 170M and EUR 505M with an interest rate of Libor/Euribor + Margin respectively. The new facility repaid USD 600M and AED 917M under IPIC's dual currency facility dated 27 February 2009.
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