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Price guidance is out for The Arab Energy Fund’s (TAEF) five-year benchmark USD-denominated Regulation-S offering.
Initial price thoughts are in the 5-year SOFR mid-swaps (MS) + 90 basis points (bps) area.
The multilateral impact investor, formerly known as Arab Petroleum Investments Corporation, has mandated banks to arrange a series of fixed income investor calls to market the bonds.
(Writing by Brinda Darasha; editing by Seban Scaria)
