According to a statement seen by the website (Namazone) today, this issue comes within the framework of the $ 3 billion medium-term international bond program launched by APICORP to support its operations. < / p>
The success of the release will reinforce the economic role of APICORP in supporting the energy sector in the MENA region to mitigate the effects of the emerging Corona pandemic (COFED 19) pandemic and price fluctuations. Oil.
The issue attracted $ 1.1 billion in purchase orders from more than 40 investors in various categories, which is a positive indication of the strong and diversified demand for the issuance in a region The Middle East, North Africa, and beyond.
The fixed cost of financing (1.46% annually) is the lowest in the history of the APCORP issue denominated in US dollars, and the issuance premium (110+ basis points) for these bonds is less than Regional level compared to dollar-denominated bond issues offered by other sovereign and quasi-sovereign entities since the Corona virus pandemic.
The list of global coordinators, lead managers and underwriting record managers involved in the issue included Citibank, Emirates NBD, Goldman Sachs International and Standard Chartered who also took over. The role of the collection and delivery agent.
Allen & Ophry provided legal advice to Apecorp regarding the issue, while Clifford Chance provided advice to the participating banks, and KPMG undertook audits of the issuance process.
It should be noted that Apicorp is the only financial institution in the region that has an AA rating with a stable outlook from Fitch and rating (Aa2) with a stable outlook from Moody's.
