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Saudi's SABIC Capital Plans Q2 Benchmark Bond - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – SABIC Capital, affiliated to petrochemical giant Saudi Basic Industries Corp (SABIC), plans a benchmark bond issue before the end of June, a senior executive said on Monday.

“The benchmark bond is for general corporate purposes. The roadshow starts on May 20 in London and if we like the prices we will go ahead with it,” SABIC’s Chief Financial Officier Mutlaq al-Morished told Reuters by telephone.

The bond will be registered in London, he added.

Based in the Netherlands, SABIC Capital was established in 2008 to look after the financing and the tax operations of SABIC’s investments in Europe and the United States after the acquisition of DSM Petrochemicals and GE Plastics.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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