Dammam, Saudi Arabia, June 29 -- The Arab Petroleum Investments Corporation (APICORP), a multilateral development financial institution, announced the issuance of a benchmark USD750 million dollar-denominated five-year bond in the RegS markets.

The latest issuance, part of APICORP's USD3 billion Global Medium-Term Note (GMTN) program, will bolster the corporation's business operations. This also includes undertaking a countercyclical role in 2020 aimed at supporting the MENA energy sector in mitigating the impact resulting from the COVID-19 pandemic as well as oil price fluctuations.

The issuance attracted robust and diverse investor demand, with more than USD1.1 billion in orders for the debt sale from over 40 investors of various type...