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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Sipchem eyes up to $530mln from Islamic bond

Posted on 20 June 2011

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

 
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