Saudi International Petrochemical Co (Sipchem) expects to raise up to 2 billion riyals ($533.3 million) from a planned Islamic bond offering to fund plant expansions, its chief executive said.
Sipchem, which plans to part-finance three projects worth over $1 billion with the sukuk sale, began roadshows for the bond on Saturday and sees book building to begin next week……………………………………….Full Article: Source