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FINANCIAL NEWS
Apicorp secures USD300m 5-year note in Taiwan
04 Oct 2016
(MENAFN) The Arab Petroleum Investments Corp. (Apicorp) issued USD300mn 5-year note in Taiwan market, which is the first successful Formosa bond out of Saudi Arabia.
Additionally, the Formosa targets the Taiwanese investor base in order to appeal to the regional investor base.
Moreover, Apicorp is a multilateral development bank set up to foster the development of the Arab world”s oil and gas industries.
Accordingly, the oversubscribed issue has allowed investors to develop strong relationships with a new set of investors in Taipei.
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