All material subject to strictly enforced copyright laws. © 2022 Euromoney Institutional Investor PLC group

Sadara and QNB prices shock but lift volume hopes

Bankers were shocked this week at the aggressive pricing demanded by Saudi Arabia’s Sadara as funding officials of the integrated chemicals complex project approached banks for long term financing for around $4bn. Sponsors Dow Chemicals and Saudi Aramco are aiming for a margin as low as 45bp, a price that international lenders have derided as unrealistic.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree