Arab Palestinian investment company issues new corporate bonds – ZAWYA

Arab Palestinian investment company issues new corporate bonds – ZAWYA

Arab Palestinian investment company issues new corporate bonds | ZAWYA MENA Edition HomeArticleArab Palestinian investment company issues new corporate bonds  Through Two Parallel Issuances in both US Dollars and Euros with a Gross Value of USD 73.841 Million    RAMALLAH, Palestine /PRNewswire/ -- On June 25, 2020, Arab Palestinian Investment Company (APIC) issued new five-year bonds through two parallel issuances in both the US dollars and euro currencies with a gross value of USD 73.841 million, of which USD 58 million and Euro 14 million are in a private subscription with the participation of nine banks and companies including Arab Bank, Cairo Amman Bank, Bank of Palestine, Quds Bank, Bank of Jordan, Jordan Ahli Bank, the National Bank, Palestine Deposit Insurance Company and the National Insurance Company.The bondholders of the two issuances held a general assembly on Thursday, June 25, 2020, in Ramallah, which was chaired by APIC Chairman and CEO Tarek Aggad, and was also attended by APIC's executive management team; the manager of the Securities Directorate at the Palestine Capital Market Authority Murad Al-Jadbih; representatives for the bondholders; the custodian of Cairo Amman Bank; as well as Shehadeh Law Firm, the legal counselor of APIC. At the bonds general assembly, Wasata Securities