APIC Issues $120M Bonds to Amplify Regional Investments
Deal News | Jul 08, 2025 | Zawya
The Arab Palestinian Investment Company (APIC) has successfully completed the issuance of five-year corporate bonds amounting to $120 million, divided into three tranches in US dollars, Jordanian dinars, and euros. The proceeds from this issuance are earmarked for bolstering the company's capital and facilitating expansive investment activities in the region. Leading regional banks, including Arab Bank, Cairo Amman Bank, among others, along with the International Finance Corporation, took part in this offering. These bonds were initially approved by APIC's shareholders in May to support the company's growth strategy, with an initial nominal value provision of up to $110 million, extendable to $120 million. APIC, listed on the Palestine Exchange, has a diverse investment portfolio spanning across several countries in the Middle East.
Sectors
- Corporate Finance
- Investment Management
- Banking
Geography
- Palestine – APIC is based in Palestine and listed on the Palestine Exchange, making this geography central to its operations.
- Middle East – APIC invests across various Middle Eastern countries, including Jordan, Saudi Arabia, the UAE, Iraq, and Turkey, highlighting regional investment activities.
Industry
- Corporate Finance – The issuance of corporate bonds is a financial activity within corporate finance, used to raise funds for company operations and expansions.
- Investment Management – APIC's role as a diversified investment company involves the management of investments across various sectors and regions.
- Banking – Numerous banks participated in the bond issuance, playing a crucial role in the financial structuring and support of the offering.
Financials
- $120 million – Total value of the five-year corporate bonds issued by APIC.
- $76.7 million, 22.64 million dinar, 10 million euros – Breakdown of the bond tranches, denominated in US dollars, Jordanian dinars, and euros.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arab Palestinian Investment Company (APIC) | Issuer | Company | A diversified investment company listed on the Palestine Exchange, engaged in investments across several sectors in the Middle East. |
| Arab Bank | Participant | Company | One of the leading banks involved in the bond issuance. |
| Cairo Amman Bank | Participant | Company | A banking institution involved in supporting the bond issuance. |
| Quds Bank | Participant | Company | A banking entity participating in the bond issuance. |
| Bank of Palestine | Participant | Company | Local bank taking part in the bond issuance effort. |
| Bank of Jordan | Participant | Company | One of the participating banks in the bond issuance. |
| Jordan Ahli Bank | Participant | Company | A financial institution participating in the bond issuance. |
| The Housing Bank for Trade and Finance | Participant | Company | A bank involved in the bond issuance process. |
| Palestine Deposit Insurance Company | Participant | Company | A participant in the bond issuance. |
| International Finance Corporation (IFC) | Participant | Company | An international financial institution that participated in the bond offering. |