Apicorp mandates banks for dollar-denominated five-year Sukuk

By Rebecca Melvin

New York, Oct. 18 – Arab Petroleum Investments Corp., or Apicorp, has mandated banks to arrange a series of fixed-income investor meetings regarding a dollar denominated five-year Sukuk pending market conditions, according to a market source.

The joint lead managers and bookrunners are Bank ABC, Credit Agricole CIB, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, KFH Bank and Standard Chartered Bank.

Apicorp is a multilateral development bank.

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