Abu Dhabi – Mubasher: Arab Petroleum Investments Corporation (APICORP) appointed banks to arrange sukuk issue which will be issude in US dollar with a five-year period maturity at a value of $500 million.
The meetings for arranging this issue will start on Thursday, 19 October in Riyadh, and will end in the UK on 24 October.
APICORP appointed Bank ABC, Crédit Agricole Corporate and Investment Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Capital and Standard Chartered Bank to be the joint lead managers and bookrunners for the transaction.
APICORP is a 100% subsidiary by the ten member states of the Organisation of Arab Petroleum Exporting countries (OAPEC).
Source : Mubasher
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