08.05.2013 - Sabic may seek to tap debt market as soon as this year, CFO says
Saudi Basic Industries Corp. (SABIC) may tap the debt market as early as this year as the world’s biggest petrochemicals maker by market value seeks financing for projects amid borrowing costs near record lows. The state-controlled company is implementing projects valued at 40 billion riyals ($11 billion) over the next few years, Chief Financial Officer Mutlaq al-Morished said in Riyadh today. “We will tap the market sometime late this year or early next year,” he said. It’s too early to comment on the size of the bond sale, which Sabic would prefer to be Islamic, al- Morished said...............................................Full Article: Source
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