Google+ Followers

Wednesday, 18 January 2017

Saudi Arabia’s Sabic in Talks for Up to $2 Billion of Loans - Bloomberg

Saudi Arabia’s Sabic in Talks for Up to $2 Billion of Loans - Bloomberg:

"Saudi Basic Industries Corp., the world’s largest petrochemicals maker by market value, is in talks with banks to raise as much as $2 billion of loans, according to two people familiar with the matter.

Sabic, as the company is known, has asked lenders to give indications on loan pricing across several different tenors, the people said, asking not to be identified because the discussions are private. Proceeds from the deal may be transferred to Saudi Kayan Petrochemicals Co., in which Sabic holds a 35 percent stake, the people said. Sabic held similar consultations last year but didn’t proceed with a transaction, they said, adding that current talks are also at an early stage and the company may decide not to proceed."



'via Blog this'