Saudi state-led petchems giant Sabic began a roadshow on 25 September that will visit London, New York, Los Angeles and Boston. The company is seeking investors for an international bond issue to raise an amount “subject to market conditions.”
The money raised will refinance some of the outstanding financial obligations of Sabic and its subsidiaries. Sabic announced via the Saudi Stock Exchange (Tadawul) that BNP Paribas and Citi have been appointed global coordinators, with HSBC, Mitsubishi UFG and Standard Chartered acting as joint lead managers. The bonds will be listed on the Irish Stock Exchange in Dublin. (CONTINUED - 137 WORDS)