Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

SAUDI ARABIA

APICORP Debut Bond Three Times Oversubscribed

The first bond of SR2bn ($533mn) to be issued by the Arab Petroleum Investments Corporation (APICORP), denominated in Saudi riyals), has been oversubscribed three times, the bank announced on 20 October. This inaugural issue has seen a strong interest from the diversified investor base in Saudi Arabia, a spokesperson for coordinating bank Credit Agricole and its joint lead...