By Aleesia Forni
Virginia Beach, Sept. 26 - Saudi Arabia's Saudi Basic Industries Corp. (Sabic) priced $1 billion 2 5/8% five-year notes (//A+) at Treasuries plus 130 basis points on Thursday, according to a market source.
Citigroup, HSBC Securities, Mizuho Securities and RBS Securities Inc. are the bookrunners for the Regulation S deal.
The company previously held a roadshow from Sept. 22 to Sept. 25 in Europe, the Middle East and Asia.
Sabic is a Riyadh-based manufacturer of chemicals, fertilizers, plastics and metals.
Issuer: | Saudi Basic Industries Corp.
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Amount: | $1 billion
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Description: | Notes
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Maturity: | 2018
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Bookrunners: | Citigroup, HSBC Securities, Mizuho Securities, RBS Securities Inc.
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Coupon: | 2 5/8%
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Spread: | Treasuries plus 130 bps
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Trade date: | Sept. 26
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Rating: | Fitch: A+
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Distribution: | Regulation S
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