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FINANCIAL NEWS
Arab Palestinian Co. pumps USD35mn bonds
19 Jan 2017
(MENAFN) Arab Palestinian Investment Co. has issued new five-year bonds with a nominal value of USD35mn in a private subscription with the collaboration of 9 banks and firms from Palestine, JO and Bahrain.
Furthermore, subscription request for the bond reached USD80.5mn, showing 230 percent of the subscription offer.
Additionally, there has been a huge demand for subscription in the firm bonds, which demonstrates the great appetite and trust APIC enjoys the fiscal markets.
This further shows the ongoing and increasing interest and trust of recent bondholders throughout the past five years by cementing their relationship with APIC.
M
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