April 23 (Reuters) - Energy-focused multilateral financial institution, the Arab Petroleum Investments Corporation (APICORP), has hired banks to arrange investor meetings ahead of a planned 5-year green bond sale, an arranging bank document showed on Tuesday.
APICORP, which recently rebranded as The Arab Energy Fund, has picked Crédit Agricole CIB, Emirates NBD Capital, J.P. Morgan, Nomura and Standard Chartered Bank as joint lead managers for the sustainable debt transaction, the document said.
Crédit Agricole CIB is also working as sole green structuring adviser on APICORP's green bond issuance.
The investor meetings are scheduled to start from April 23 and will be followed by a benchmark-sized U.S. dollar denominated senior green bonds offering, subject to market conditions, the document added.
(Reporting by Mohammad Edrees, Editing by Louise Heavens)
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