Apicorp Says 2 Billion-Riyal Bond Oversubscribed Three Times

Arab Petroluem Investments Corp., an energy investment unit of the Organization of Arab Petroleum Exporting Countries, said its 2 billion-riyal bond was oversubscribed three times.

The bond was priced at 110 basis points over the Saudi Interbank Offered Rate, the company said in an e-mailed statement today.

To contact the reporter on this story: Stefania Bianchi in Dubai at sbianchi10@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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