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Sabic launches $1b five-year bond offering
Saudi Basic Industries Corp (Sabic), the world’s largest petrochemicals maker by market value, launched a $1 billion five-year bond offering on Thursday, with pricing tightened further on healthy demand from investors.
Pricing at launch was 130 basis points over the equivalent US Treasuries, a document from lead managers said on Thursday. Earlier on Thursday, price guidance had been revised to 135 bps, plus or minus 5 bps, from the previous day’s 150 bps area.
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