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In "BUSINESS"
April 07, 2019
Domestic franchising comes into its own in UAE
April 06, 2019
Saudi Aramco to offer SR60bn contracts to SMEs
April 06, 2019
Gulfood ’19 reinforces Dubai’s gateway status
April 06, 2019
GPCA spreads awareness about plastic recycling at WFE campaign
April 06, 2019
Global aviation sustains growth
April 06, 2019
Cityscape Jeddah workshops explore realty diversification and market revitalization
April 06, 2019
Crescent Enterprises hosts Columbia Business School students
April 06, 2019
Jewellery Salon 2019
kicks off on Monday
April 06, 2019
Bahrain’s first proptech concept Estater
THE Arab Petroleum Investments Corporation (Apicorp), a multilateral development bank, rated Aa3 by Moody’s with a positive outlook, successfully issued its third Formosa bond after accessing this market earlier in 2016 and 2017. The Aa3 rated $300 million 5-year Note which matures on April 1, 2024, offers investors a floatingrate coupon.The transaction attracted robust investor demand with order book close to three times oversubscribed, enabling Apicorp to price its Formosa well within its secondary curve while also continuing to strengthen its investor access into Asia, innovate its funding profile and access efficient and cost-effective financing solutions.Hesham Farid, Managing Director of Treasury & Capital Markets, Apicorp, said: “We are delighted with the successful issuance of...
April 06, 2019
Apicorp issues $300m five-year dual listed floating rate Formosa
