Apicorp announces pricing of bond

The Arab Petroleum Investments Corporation (Apicorp), the multilateral development bank focused on the energy sector, announced the pricing of a $750 million (Dh2.75 billion) 5-year bond.

The dollar transaction was issued under Apicorp’s newly-established $3 billion Global Medium Term Note (GMTN) programme, to provide the company with maximum flexibility in accessing capital markets and further strengthen its financial position. (Staff Report)