APICORP mandates banks for planned dollar bond issue: report
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Dammam-headquartered Arab Petroleum Investments Corp (APICORP) has mandated banks to arrange investor meetings in Britain and the United States ahead of a potential dollar-denominated bond issue, Reuters reported, citing a bank document.
The banks include Credit Agricole, HSBC, JP Morgan and Standard Chartered Bank as joint lead managers and bookrunners. Union National Bank is co-lead manager.
The meetings will start on Wednesday, and a fixed-rate, five-year benchmark US dollar senior unsecured Rule 144A/Regulation S bond deal will follow, subject to market conditions, the report added.