Abu Dhabi Crude Oil Pipeline sets roadshow for about $3 billion notes in two tranches

By Rebecca Melvin

New York, Oct. 18 – Abu Dhabi Crude Oil Pipeline LLC, wholly owned by Abu Dhabi National Oil Co., has selected bookrunners to organize a roadshow for about $3 billion of senior notes in 12-year and 30-year tranches, starting on Thursday, according to a market source.

Global coordinators and joint bookrunners First Abu Dhabi Bank AB, HSBC, J.P. Morgan and MUFG will host investor meetings in the United States, Europe, Asia and the Middle East.

An $800 million 12-year bullet tranche and a $2.2 billion 30-year amortizing tranche will follow, subject to market conditions.

ADCOP channels about 23% of Abu Dhabi’s crude oil exports from Abu Dhabi to Fujairah on the Indian Ocean.

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