Middle East Economic Survey
VOL. LIII
No 22
31-May-2010
SAUDI ARABIA
SABIC Capital Shelves Eurobond, Waits For Market To Stabilize
Saudi Basic Industries Corporation (SABIC) affiliate SABIC Capital has shelved its Eurobond issue due to the current volatility in the international capital markets, triggered by the Greek debt crisis. The company met with investors on its road show as planned (MEES, 24 May), but decided not to price and launch what was to have been a benchmark-sized bond, preferring...
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