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...