Content provided by Last updated: 10/02 - 11:40
Bond issuance will further bolster APICORP’s (www.APICORP.org) capital and liquidity positions to continue executing its mandate for the sustainable development of the Arab energy sector; Bond issuance achieved APICORP’s lowest ever spread and yield at +69 basis points and 1.26%, respectively; Bond issuance was more than 2.5 times oversubscribed and attracted more than $2 billion in orders from over 65 investors worldwide, reflecting strong investor trust amid uncertain times.
The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, today announced the successful issuance of a benchmark $750 million dollar-denominated five-year bond aimed at further bolstering the Corporation’s business operations and capital and liquidity positions.
Apicorp’s latest benchmark $750m bond achieves lowest-ever spread
Bond issuance achieved Apicorp’s lowest ever spread and yield at +69 basis points and 1.26%, respectively
The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution, has announced the successful issuance of a benchmark $750 million dollar-denominated five-year bond aimed at further bolstering the corporation’s business operations and capital and liquidity positions.
The latest and final transaction of Apicorp’s $3 billion Global Medium-Term Note (GMTN) program launched in 2020, the issuance was more than 2.5 times oversubscribed, with around 57 per cent of the more than $2 billion in orders coming from central banks, multilateral development banks (MDBs), and other sovereign, supranational and agency (SSA) investors.
APICORP s latest benchmark $750 million bond achieves lowest-ever spread; 2 5x oversubscribed apicorp.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apicorp.org Daily Mail and Mail on Sunday newspapers.
The Arab Petroleum Investments Corporation (Apicorp), a multilateral development financial institution, has issued a benchmark $750 million dollar-denominated five-year bond aimed at bolstering its business operations and capital and liquidity positions.