Apicorp mandates for dollars despite rates volatility

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By Mariam Meskin
25 Jan 2021

Arab Petroleum Investment Corp — the multilateral development bank — held investor calls on Monday for a bond offering, nine months after its previous dollar outing. Although emerging market SSA issuance has been dominated by low rated, high yielding credits since the start of the year, investment grade issuers will begin to trickle in, bankers say.

Bank of America, China Construction Bank, Citi, Emirates NBD, Maybank, Nomura and Standard Chartered have been mandated as leads, with investor calls starting on Monday.

Sherif Ayoub, the chief financial officer of Arab Petroleum Investment Corp (Apicorp) said: “We are seeing a favourable debt capital market for high ...

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