{"id":572579,"date":"2020-06-30T04:28:07","date_gmt":"2020-06-30T04:28:07","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/"},"modified":"2020-06-30T04:28:07","modified_gmt":"2020-06-30T04:28:07","slug":"apicorp-issues-benchmark-usd-750-mn-bond","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/","title":{"rendered":"Apicorp issues benchmark USD 750 mn bond"},"content":{"rendered":"

Apicorp issues benchmark USD 750 mn bonds:<\/strong> Multilateral development bank Arab Petroleum Investments Corporation (Apicorp), of which Egypt is a member, has successfully issued a benchmark USD 750 mn USD-denominated five-year bond as part of its USD 3 bn global medium term note program, according to a statement (pdf)<\/a>. The proceeds will be tapped to bolster Apicorp\u2019s business operations, including its countercyclical role in mitigating the impact of the covid-19 and oil prices volatility in the Middle East and North Africa. Fitch Ratings had recently awarded<\/a> the multilateral development bank an \u2018AA\u2019 rating with a stable outlook to become the only financial institution in the MENA region with the rating.<\/p>\n","protected":false},"excerpt":{"rendered":"

Apicorp issues benchmark USD 750 mn bonds: Multilateral development bank Arab Petroleum Investments Corporation (Apicorp), of which Egypt is a member, has successfully issued a benchmark USD 750 mn USD-denominated five-year bond as part of its USD 3 bn global medium term note program, according to a statement (pdf). The proceeds will be tapped to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[403,82,93,72,8565,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572579","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-apicorp","tag-bonds","tag-energy","tag-enterpriseam","tag-fitch","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"01759d21-ac90-460b-bcba-7c8d6445db59","is_powered_by":true,"section_story_id":"82f7037f-4711-42cd-a7d1-7f4f6ab1f06e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572568],"teaser":"","voice_url":""},"yoast_head":"\nApicorp issues benchmark USD 750 mn bond - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apicorp issues benchmark USD 750 mn bond\" \/>\n<meta property=\"og:description\" content=\"Apicorp issues benchmark USD 750 mn bonds: Multilateral development bank Arab Petroleum Investments Corporation (Apicorp), of which Egypt is a member, has successfully issued a benchmark USD 750 mn USD-denominated five-year bond as part of its USD 3 bn global medium term note program, according to a statement (pdf). The proceeds will be tapped to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-30T04:28:07+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Apicorp issues benchmark USD 750 mn bond\",\"datePublished\":\"2020-06-30T04:28:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\"},\"wordCount\":114,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Apicorp\",\"Bonds\",\"energy\",\"EnterpriseAM\",\"Fitch\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\",\"name\":\"Apicorp issues benchmark USD 750 mn bond - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2020-06-30T04:28:07+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apicorp issues benchmark USD 750 mn bond\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Apicorp issues benchmark USD 750 mn bond - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/","og_locale":"en_US","og_type":"article","og_title":"Apicorp issues benchmark USD 750 mn bond","og_description":"Apicorp issues benchmark USD 750 mn bonds: Multilateral development bank Arab Petroleum Investments Corporation (Apicorp), of which Egypt is a member, has successfully issued a benchmark USD 750 mn USD-denominated five-year bond as part of its USD 3 bn global medium term note program, according to a statement (pdf). The proceeds will be tapped to […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2020-06-30T04:28:07+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Apicorp issues benchmark USD 750 mn bond","datePublished":"2020-06-30T04:28:07+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/"},"wordCount":114,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["Apicorp","Bonds","energy","EnterpriseAM","Fitch","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/","url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/","name":"Apicorp issues benchmark USD 750 mn bond - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2020-06-30T04:28:07+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/30\/apicorp-issues-benchmark-usd-750-mn-bond\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Apicorp issues benchmark USD 750 mn bond"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":603321,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/apicorp-2018-net-profits-surge-to-record-highs\/","url_meta":{"origin":572579,"position":0},"title":"Apicorp 2018 net profits surge to record highs","author":"enterpriseam admin","date":"18 April 2019","format":false,"excerpt":"EARNINGS WATCH- Apicorp\u2019s 2018 net profits surge to record highs: Multilateral development bank Arab Petroleum Investments Corporation\u2019s (Apicorp) 2018 net profit rose 76% y-o-y to a record USD 182.3 mn, it said in a statement. Company revenues increased last year by 78% y-o-y to USD 252.7 mn. The sale of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570811,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/15\/earnings-watch-apicorp-profits-rise-17-in-2019\/","url_meta":{"origin":572579,"position":1},"title":"Earnings watch: Apicorp profits rise 17% in 2019","author":"enterpriseam admin","date":"15 April 2020","format":false,"excerpt":"EARNINGS WATCH- Apicorp net profits rise 17% in 2019: Multilateral development bank Arab Petroleum Investments Corporation\u2019s (Apicorp) annual profits rose 17% in 2019 to USD 112 mn, it said in a statement (pdf). Profits were driven by record growth in its corporate banking unit which reported a USD 121 mn\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572471,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/25\/fitch-gives-apicorp-aa-rating-with-stable-outlook\/","url_meta":{"origin":572579,"position":2},"title":"Fitch gives Apicorp AA rating, with stable outlook","author":"enterpriseam admin","date":"25 June 2020","format":false,"excerpt":"Fitch Ratings has awarded multilateral development bank Arab Petroleum Investments Corporation (Apicorp) an \u2018AA\u2019 rating with a stable outlook. The assessment was reached by the lender\u2019s \u201cexcellent\u201d capitalization and low risk profile that has shown itself to be \u201cresilient to negative pressures from the covid-19 outbreak,\u201d the ratings agency said.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571129,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/30\/apicorp-to-support-member-countries-with-usd-500-mn-covid-19-recovery-funding\/","url_meta":{"origin":572579,"position":3},"title":"Apicorp to support member countries with USD 500 mn \u2018covid-19 recovery\u2019 funding","author":"enterpriseam admin","date":"30 April 2020","format":false,"excerpt":"Egyptian companies will be among the beneficiaries of USD 500 mn in covid-19 recovery funding from Apicorp: The Arab Petroleum Investments Corporation (Apicorp) has announced a USD 500 mn funding package to help its clients in the energy sector cover shortfalls caused by the covid-19 pandemic and the collapse in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570919,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/22\/apicorp-to-increase-callable-capital-eightfold-to-usd-8-5-bn\/","url_meta":{"origin":572579,"position":4},"title":"Apicorp to increase callable capital eightfold to USD 8.5 bn","author":"enterpriseam admin","date":"22 April 2020","format":false,"excerpt":"Apicorp to increase callable capital eightfold: Arab Petroleum Investments Corporation (Apicorp) shareholders have given the go-ahead to increase the development bank\u2019s callable capital to USD 8.5 bn from USD 1 bn to support investments in the energy sector, it announced in a statement (pdf). The lender will also bump up\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622979,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/suez-methanol-signs-usd-35-40-mn-mou-with-apicorp-to-finance-methanol-facility\/","url_meta":{"origin":572579,"position":5},"title":"Suez Methanol signs USD 35-40 mn MoU with APICORP to finance methanol facility","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Suez Company for Methanol Derivatives signed on Tuesday an MoU with the Arab Petroleum Investments Corporation (APICORP) on financing its USD 35-40 mn methanol derivatives plant, according to an Oil Ministry statement. The facility, which will be built in Damietta, will target sales on the domestic market.","rel":"","context":"In "Manufacturing"","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=572579"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/572579\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/572568"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=572579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=572579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=572579"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=572579"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=572579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}