Aramco seeks advisers for SABIC debt financing: sources | Reuters:
Saudi Aramco is seeking advisers to arrange debt financing needed for the acquisition of a stake in Saudi Arabian Basic Industries Corp (SABIC) 2010.SE, banking sources familiar with the matter said on Thursday.
The Saudi oil giant could borrow as much as $50 billion from international investors to fund the acquisition, sources previously told Reuters.
A request for proposals was sent out on Wednesday and banks are expected to submit proposals for the financing by Monday, one of the sources said.
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