APICORP plans reopening of bonds due in February 2026 - document

BofA Securities, China Construction Bank, Citi, Emirates NBD Capital, Maybank, Nomura and Standard Chartered will arrange fixed-income investor calls

  
Image used for illustrative purpose. A pile of AED one dirham coins is seen in Dubai.

Image used for illustrative purpose. A pile of AED one dirham coins is seen in Dubai.

REUTERS/Jumanah El-Heloueh

DUBAI - The Arab Petroleum Investments Corporation (APICORP) has hired banks to arrange a reopening of its existing bonds maturing in February 2026, a document from one of the banks showed on Tuesday.

BofA Securities, China Construction Bank, Citi, Emirates NBD Capital, Maybank, Nomura and Standard Chartered will arrange fixed-income investor calls  starting on Tuesday.

A tap of the bonds, where an existing transaction is reopened for subscription using the same documentation as before, issued last month will follow, subject to market conditions. 

(Reporting by Yousef Saba; Editing by Christian Schmollinger) ((Yousef.Saba@thomsonreuters.com; +971562166204; Reuters Messaging: https://twitter.com/YousefSaba))

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