Sabic mandates for dual conventional and Formosa trade

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Sabic mandates for dual conventional and Formosa trade

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Aerial top view oil and gas chemical tank with oil refinery plant background at twilight. | Kalyakan - stock.adobe.com

Saudi Basic Industries Corporation (Sabic) is seeking to raise a dual tranche offering this week. The deal is the latest in a flurry of trades from Gulf issuers seeking to take advantage of attractive market conditions amid low oil prices and increasing Covid-19 related costs.

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