New Issue: Apicorp sells $300 million five-year floaters at Libor plus 105 bps

By Rebecca Melvin

New York, March 22 – Arab Petroleum Investments Corp., or Apicorp, priced $300 million of five-year floating-rate notes (Aa3) at par to yield Libor plus 105 basis points, according to a syndicate source on Friday.

The Regulation S notes were sold via Credit Agricole CIB Taipei Branch, HSBC Bank (Taiwan) Ltd. and Standard Chartered Bank (Taiwan) Ltd.

Apicorp is a multilateral development bank based in Saudi Arabia.

Issuer:	Arab Petroleum Investments Corp.
Amount:	$300 million
Maturity:	April 1, 2024
Description:	Floating-rate notes
Bookrunners:	Credit Agricole CIB Taipei Branch, HSBC Bank (Taiwan) Ltd. and Standard Chartered Bank (Taiwan) Ltd.
Interest rate:	Libor plus 105 bps
Price:	Par
Yield:	Libor plus 105 bps
Pricing date:	March 21
Settlement date:	April 1
Rating:	Moody's: Aa3
Distribution:	Regulation S

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