Saudi's SABIC tightens guidance ahead of $1 bln bond sale Thurs - leads
DUBAI, Sept 26
DUBAI, Sept 26 (Reuters) - Saudi Basic Industries Corp , the world's largest petrochemicals maker by market value, is aiming to print a $1 billion five-year bond on Thursday, lead managers said, in a rare dollar-denominated debt offering from the kingdom.
Price guidance on the transaction has been revised to 135 basis points over equivalent U.S. Treasuries, plus or minus 5 basis points, a document from lead managers said, adding the size of the deal will not increase.
This is tighter than the initial price thought in the area of 150 basis points issued on Wednesday.
Citigroup Inc, HSBC Holdings, Mizuho and Royal Bank of Scotland are the lead managers on the deal, which will be sold through the firm's SABIC Capital unit. (Reporting by David French; Editing by Olzhas Auyezov)
- Putin dissolves state news agency, tightens grip on Russia media
- North Korea says Kim's powerful uncle dismissed for 'criminal acts'
- Thai PM calls snap election, protesters want power now |
- Record cold, ice grip U.S.; more snow to blanket East
- Protesters fell Lenin statue, tell Ukraine's president 'you're next'