Apicorp reprices curve with five year

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By Ross Lancaster
25 Jun 2020

Arab Petroleum Investment Corp (Apicorp) repriced its curve on Wednesday, printing a five year new issue 20bp inside where its outstanding 2023 notes had been trading.

Aa2/AA rated Apicorp announced initial price thoughts for the benchmark five year dollar deal in the 130bp area over mid-swaps on Tuesday morning, kicking off a two day execution process.

That 130bp starting level was where the issuer’s 2023 bond had been trading.

On Wednesday morning, global ...

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