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...
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