25 Oct 2010
(MENAFN) Sabic Capital, an affiliate of petrochemicals giant Saudi Basic Industries Corp (Sabic), plans to issue a dollar-denominated, five-year benchmark bond, Reuters reported.
Sabic, the largest listed company in the Gulf, has hired HSBC, JPMorgan and Royal Bank of Scotland as bookrunners for the bond sale, its chief financial officer Mutlaq Al-Morished told said.
A typical benchmark bond is for a minimum of $500 million. The Sabic bond will be listed in London.
Sabic said in May it was planning the bond issue before the end of June. Moody’s ratings agency said then it would assign the bond an A+ rating and said the proceeds would be used to repay debt at Sabic Innovative Plastic Holding, formerly GE Plastics.
Sabic Capital was set up in 2008 to look after the financing and tax operations of Sabic’s investments in Europe and the United States.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more