Middle East Economic Survey

VOL. XLVII

No 50

13-December-2004

ENERGY FINANCE

SABIC Bond To Act As Benchmark For Saudi Companies

Saudi Basic Industries Corporations (SABIC) planned bond issue is expected to act as a benchmark for further issuances of bonds from Saudi companies, said bankers. While Saudi Arabia already operates a government bond market, the SABIC issue will represent the first time that a company has tapped the debt markets. MEES understands that the documentation is being prepared...