Saudi Electricity Co. (SEC), the Gulf's largest utility, has picked two banks to arrange meetings with fixed income investors in Europe and the United States ahead of a possible debt issue, a statement from the lead managers said.
State-owned SEC has chosen Deutsche Bank and HSBC Holdings to arrange the roadshows, which begin on March 19 in Los Angeles and conclude in London on March 25. A dollar-denominated bond issue may follow, subject to market conditions, the statement added...............................................Full Article: Source
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