Apicorp sets banks, roadshow for benchmark dollar five-year notes

By Rebecca Melvin

New York, Sept. 7 – Arab Petroleum Investments Corp., or Apicorp, has mandated banks and is holding a series of fixed-income investor meetings regarding a U.S. dollar-denominated benchmark offering of five-year senior unsecured bonds, according to a market source.

Credit Agricole, HSBC, JPMorgan and Standard Chartered Bank are acting as joint lead managers and bookrunners for the Rule 144A and Regulation S deal. Union National Bank is co-lead manager.

The roadshow meetings, which started Wednesday, are being held in the United Kingdom and United States. A deal is expected to follow subject to market conditions.

Apicorp is a multilateral development bank.

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