Sabic Capital, affiliated to petrochemicals giant Saudi Arabia Basic Industries Corporation (Sabic), has mandated five banks to arrange a $2 billion, five-year loan, banking sources said on Wednesday.
The five co-ordinators are Bank of Tok
Moody's Investors Service has assigned a (P) A1 senior unsecured rating to the proposed issue of senior unsecured bonds by Sabic Capital. The outlook for the rating is stable.
Sabic Capital is an indirect wholly-owned subsidiary of Sau
Sabic Capital, affiliated to petrochemicals giant Saudi Basic Industries Corp (Sabic), plans a benchmark dollar bond issue before the end of June, a senior executive told Reuters on Monday.
Ratings agency Moody's assigned the bond an A
Moody's has affirmed the A1 senior unsecured ratings of Saudi Basic Industries Corporation (Sabic) and its guaranteed subsidiary Sabic Capital with a positive outlook.
Moody's affirmation of Sabic's A1 ratings reflects the sign