Sabic offers investors second chance at euros
Saudi Basic Industries Corp (Sabic) has picked banks for a euro bond issue, its first in seven years and only the second ever in the currency from a Saudi corporate borrower. It will be the borrower's second bond offering of the year, after it priced the first conventional deal from a Saudi borrower since 2010 just a few months ago.
Crédit Agricole, JP Morgan, Mitsubishi UFJ Securities and Standard Chartered are bookrunners on the euro bond. They will take the issuer to meet buyers in London on Friday, then Frankfurt and Munich on the following Monday and finish in Amsterdam and Paris on November 12.
Sabic is the
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