14.06.2012 - Saudi's SABIC to repay $2.13 bln sukuk early
Saudi Basic Industries Corp on Wednesday said it intends to repay an 8 billion riyal ($2.13 billion) Islamic bond, or sukuk, ahead of maturity, from internal cash balances. The petrochemicals giant sold the 20-year sukuk in 2007 in a deal which was arranged by HSBC's Saudi Arabian unit. The bond had a call option after five years, allowing SABIC to repay investors early, a Saudi-based banker told Reuters...............................................Full Article: Source
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