DUBAI, Sept 28 (Reuters) - The Arab Petroleum Investments
Corporation (APICORP) is expected to raise $750 million in
five-year green bonds on Tuesday, for which initial price
guidance was around 50 basis points over mid-swaps, a document
showed.
Barclays, BofA Securities, Credit Agricole
, HSBC, JPMorgan, LBBW, Nomura
and Standard Chartered are arranging the deal,
with Credit Agricole as structuring advisor, the document from
one of the banks showed.
The bonds, expected to launch later on Tuesday, will be used
to finance, refinance or invest in projects linked to APICORP's
Green Finance Framework, which include projects in green
buildings, renewable energy, and pollution prevention and
control, the document showed.
(Reporting by Yousef Saba, Editing by Louise Heavens)