Kuwait’s Equate Petrochemical sets roadshow for dollar sukuk due in seven years

By Christine Van Dusen

Atlanta, Feb. 1 – Kuwait’s Equate Petrochemical Co. KSCC will set out on Sunday for a roadshow to market a dollar-denominated offering of Islamic bonds due in seven years, a market source said.

Citigroup, HSBC, JPMorgan, KFH Capital and NBK Capital are the global coordinators and joint bookrunners for the Regulation S deal. Mizuho Securities, MUFG, National Bank of Abu Dhabi and SMC Nikko are also joint bookrunners.

The roadshow will start in Abu Dhabi and Dubai, then travel to London, Hong Kong and Singapore before concluding on Feb. 12 in Kuwait City.

Equate is 85% owned by Petrochemical Industries Co. and Dow Chemical and produces essential chemical compounds as the largest petrochemical complex in Kuwait.

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