SABIC appoints banks for dollar bond issuance, say sources

19/08/2020 Argaam

 

Saudi Basic Industries Corp (SABIC) appointed banks to arrange a dollar denominated bond issue, Reuters reported, citing two sources said.

 

The petrochemicals producer has hired banks, including Citibank, HSBC, and BNP Paribas to arrange the deal, the sources said, adding that the transaction is likely to be worth more than $1 billion.

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