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APICORP plans to sell 5-year green bond, document shows
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APICORP plans to sell 5-year green bond, document shows
Apr 23, 2024 12:47 AM

April 23 (Reuters) - Energy-focused multilateral

financial institution, the Arab Petroleum Investments

Corporation (APICORP), has hired banks to arrange investor

meetings ahead of a planned 5-year green bond sale, an arranging

bank document showed on Tuesday.

APICORP, which recently rebranded as The Arab Energy Fund,

has picked Crédit Agricole CIB, Emirates NBD Capital, J.P.

Morgan, Nomura and Standard Chartered Bank ( SCBFF ) as joint lead

managers for the sustainable debt transaction, the document

said.

Crédit Agricole CIB is also working as sole green

structuring adviser on APICORP's green bond issuance.

The investor meetings are scheduled to start from April 23

and will be followed by a benchmark-sized U.S. dollar

denominated senior green bonds offering, subject to market

conditions, the document added.

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