Published: November 13, 2013
Netherlands-based subsidiary of Saudi Basic Industries Corporation to issue seven-year paper.
Following an international roadshow, SABIC Capital, a Netherlands-based subsidiary of chemicals group Saudi Basic Industries Corporation, is preparing to sell a eurobond.
The company is set to raise US$750mn through seven-year paper, with initial pricing suggested at 135 basis points over mid-swaps, tighter than initial guidance. Credit Agricole CIB, ING, JP Morgan, Mitsubishi UFJ Securities and Standard Chartered Bank are running the deal.
The company’s management team presented to investors in London, Frankfurt, Amsterdam and Paris during the past week.