(Bloomberg) -- Saudi Basic Industries Corp., the
world's biggest chemical maker by market value, may get
regulatory approval today to sell as much as 5 billion riyals
($1.3 billion) of Islamic bonds.
Saudi Basic, known as Sabic, plans to sell 20-year bonds to
buyers in six Gulf Arab states including Kuwait and the United
Arab Emirates, according to Alan Lowe, head of corporate finance
at Riyad Bank, which is arranging the deal. Sabic has the right
to buy back the notes after five years.
Read more at Bloomberg Bonds News
world's biggest chemical maker by market value, may get
regulatory approval today to sell as much as 5 billion riyals
($1.3 billion) of Islamic bonds.
Saudi Basic, known as Sabic, plans to sell 20-year bonds to
buyers in six Gulf Arab states including Kuwait and the United
Arab Emirates, according to Alan Lowe, head of corporate finance
at Riyad Bank, which is arranging the deal. Sabic has the right
to buy back the notes after five years.
Read more at Bloomberg Bonds News
No comments:
Post a Comment