Published on 10/19/2015 in the Prospect News Emerging Markets Daily.
New Issue: Arab Petroleum prices $500 million 2.383% five-year notes at par
By Christine Van Dusen
Atlanta, Oct. 19 – Saudi Arabia’s Arab Petroleum Investments Corp. priced a $500 million issue of five-year Islamic bonds (Aa3) at par to yield 2.383% on Monday, a market source said.
Goldman Sachs, Standard Chartered, Emirates NBD Capital, First Gulf Bank, NCB Capital and Noor Bank were the bookrunners for the Regulation S sukuk.
| Issuer: | Arab Petroleum Investments Corp.
|
| Amount: | $500 million
|
| Maturity: | Oct. 28, 2020
|
| Description: | Islamic bonds
|
| Bookrunners: | Goldman Sachs, Standard Chartered, Emirates NBD Capital, First Gulf Bank, NCB Capital, Noor Bank
|
| Coupon: | 2.383%
|
| Price: | Par
|
| Yield: | 2.383%
|
| Trade date: | Oct. 19
|
| Settlement date: | Oct. 28
|
| Rating: | Moody's: Aa3
|
| Distribution: | Regulation S
|
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