Middle East Economic Survey

VOL. LIV

No 23

6-Jun-2011

SAUDI ARABIA

SEC Takes Step Towards Issuing International Paper

Saudi Electricity Company (SEC) took a step closer to tapping the international debt markets when it mandated HSBC and Deutsche bank to organize its dollar-denominated bond issue. However, the mandate is in the early stages and given that the company has never issued international paper, it will take some time before its structure is finalized, predicted one debt market...