APICORP markets reopening of bonds due in 2025 - document

APICORP markets reopening of bonds due in 2025 - document
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The Arab Petroleum Investments Corporation (APICORP) on Wednesday began marketing a reopening of existing bonds it issued in June that are due in 2025, a document showed.

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DUBAI: The Arab Petroleum Investments Corporation (APICORP) on Wednesday began marketing a reopening of existing bonds it issued in June that are due in 2025, a document showed.

It gave initial price guidance of around 100 basis points over mid-swaps for the "tap" of the June 2025 bonds, according to the document issued by one of the banks leading the deal, which is expected to close later on Wednesday.

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