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APIC issues bonds worth $74 million in a private subscription


Palestine Capital Market Authority PCMA announced approving the prospectus of issuing bonds by the Arab Palestinian Investment Company APIC of $74 million. PCMA noted that the company succeeded in covering this private issuance through the subscription of a group of banks and financial institutions in Palestine. It is good to note that this issuance is the third for APIC, and it is private issuance and not a public one, therefore, the bonds will not be listed in the stock market for trading according to Securities Law No. 12 for the year 2004 and the secondary legislation of the issuance instruction No. 5 for the year 2008. 



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