September 3, 2018 / 8:41 AM / 17 days ago

APICORP mandates banks before possible 5-year dollar bond sale

DUBAI, Sept 3 (Reuters) - Arab Petroleum Investments Corp (APICORP) has mandated banks to arrange a series of investor meetings in Britain and the United States ahead of a potential international bond issue, according to a document issued by one of the banks.

The meetings will start on Wednesday, and a fixed-rate, five-year benchmark U.S. dollar senior unsecured Rule 144A/Regulation S bond deal will follow, subject to market conditions. APICORP, a multilateral development bank rated Aa3 with a stable outlook by Moody’s, mandated Credit Agricole, HSBC, JP Morgan and Standard Chartered Bank as joint lead managers and bookrunners. Union National Bank is co-lead manager. (Reporting by Davide Barbuscia; Editing by Andrew Torchia)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below