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Emerging MarketsEM Middle East

Apicorp raises dollars, Mid East issuers steam ahead despite rate volatility

Oil gas fossil fuel hydrocarbon refining 28Aug20 from Adobe 575x375

Arab Petroleum Investment Corp — the multilateral development bank headquartered in Saudi Arabia — on Wednesday sold a dollar bond after a week of roadshows. The start of the week has proven fruitful for Middle East banks, as bankers say issuers are steaming on despite volatility in the US rates market.

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