APIC Secures Corporate Bond Issuance Backed by IFC
Deal News | Jul 08, 2025 | Zawya
The Arab Palestinian Investment Company (APIC) has successfully issued corporate bonds totaling USD 120 million, divided into three currency tranches: US dollars, Jordanian Dinars, and Euros. The issuance saw participation from nine significant financial entities, including the International Finance Corporation (IFC), which committed USD 15 million. This bond issuance is an important step for APIC in strengthening its capital structure amidst the challenging economic landscape in Palestine. The fundraising will support APIC's investments across key sectors within the Middle East region. The demand for the bonds exceeded the initial target, highlighting investor confidence in APIC’s operations and governance.
Sectors
- Finance
- Investment
Geography
- Palestine – APIC, the target company involved in the bond issuance, is based in Palestine, with operations across several regions including Jordan and the UAE.
- Jordan – The International Finance Corporation (IFC) signed the bond agreement with APIC at a ceremony in Amman, Jordan, highlighting its involvement.
Industry
- Finance – The article discusses a significant bond issuance by APIC, highlighting investment activities and involvement from financial institutions like IFC.
- Investment – APIC's issuance of corporate bonds is a strategic investment decision aimed at reinforcing its capital structure and supporting its growth across various sectors.
Financials
- USD 120 million – Total nominal value of the corporate bonds issued by APIC in three currency tranches.
- USD 15 million – Subscription amount by IFC in APIC's bond issuance.
- USD 126.144 million – Total subscription amount for APIC's bond issuance, exceeding the initial offering.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arab Palestinian Investment Company (APIC) | Target Company | Companies | A diversified public shareholding investment company in Palestine, orchestrating the bond issuance. |
| International Finance Corporation (IFC) | Investor | Companies | A member of the World Bank Group, involved in the bond issuance with a USD 15 million participation. |
| Arab Bank, Cairo Amman Bank, Quds Bank, Bank of Palestine, Bank of Jordan, Jordan Ahli Bank, Housing Bank for Trade and Finance, Palestine Deposit Insurance Company | Financial Participants | Companies | Regional banks and institutions that participated in APIC's bond issuance. |
| Tarek Aggad | Chairman and CEO of APIC | People | The Chairman and CEO of APIC, provided statements on the bond issuance and its implications. |
| Ashruf Megahed | Regional Head for IFC | People | Regional Head for Manufacturing, Agribusiness & Services at IFC, involved in signing the bond agreement. |