SABIC said to hire banks ahead of dollar bond issue

24/09/2018 Argaam

 

Saudi Basic Industries Corp (SABIC) has hired banks to arrange a series of fixed-income investor meetings ahead of its proposed dual-tenor US dollar-denominated bond issue, Reuters reported, citing a bank document.

 

The world’s fourth-largest petrochemicals company has mandated BNP Paribas and Citi as global coordinators for the planned debt issue, along with HSBC, MUFG and Standard Chartered as joint lead managers.

 

The company will meet investors in London, New York, Los Angeles and Boston starting Sept.25.

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