IFLR1000

Arab Petroleum Investments Corporation (APICORP) $500 million 2.383% sukuk issue

1/10/2015
Sukuk
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$ 500 million

Completed

1/10/2015

Overview:

  • Arab Petroleum Investments Corporation (APICORP) has undertaken a $500 million sukuk (Islamic bond) via the issue of trust certificates under its $3 billion issuance programme.
  • The 2.383% certificates are due in 2020.
  • Standard Chartered Bank, Goldman Sachs International, Emirates NBD PJSC, First Gulf Bank PJSC, NCB Capital, Noor Bank PJSC and Qatar First Bank acted as joint lead managers.
  • APICORP is a multinational development bank set up by the Organisation of Arab Petroleum Exporting Countries (OAPEC).

Sam Duke - Editor

Jurisdictions:

Saudi Arabia
United Arab Emirates

Deal type:

Sukuk

Practice areas:

Capital markets : Debt
Islamic finance

Industry sector:

Banking

Firms:
A&O Shearman

Party: Arab Petroleum Investments Corporation (APICORP) (Issuer)

Lawyers: Anzal Mohammed, Bilal Ahmad

Clifford Chance

Party: Standard Chartered (Joint lead manager)

Party: Goldman Sachs (Joint lead manager)

Party: Emirates NBD (Joint lead manager)

Party: First Gulf Bank (Joint lead manager)

Party: Noor Bank (Joint lead manager)

Party: Qatar First Bank (Joint lead manager)

Party: NCB Capital (Joint lead manager)

Lawyer: Stuart Ure

Maples Group

Party: Arab Petroleum Investments Corporation (APICORP) (Issuer)

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