Middle East Economic Survey


No 44


SABIC Sees Good Appetite For First International Bond Issue

Saudi Basic Industries Corporations (SABIC) first ever international bond issue, totaling $1bn, was snapped up by investors last week. Encouraged by strong investor appetite and attractive pricing for Gulf issuers, the Saudi petrochemical giant pushed ahead with its plans this time after delaying the bond launch earlier this year as a result of the market volatility triggered by...