Middle East Economic Survey

VOL. L

No 32

6-August-2007

SAUDI ARABIA

Market Conditions To Determine Bank/Bond Component For SABIC GE Plastics Buyout

Saudi Basic Industries Corporations (SABIC) underwriters have approached investors seeking financing for the companys $11.8bn buyout of GE Plastics. But while amounts have been put forward, the final composition of the bank/bond debt, which totals around $8bn, will be determined by market conditions, MEES understands. The $5.4bn bank debt is split...