Saudi Basic Industries Corp. announces the start of issuing The bonds will be Senior, U.S.$ denominated, Unsecured by assets
| Element List | Explanation |
|---|---|
| Introduction | Addendum to the announcement from Saudi Basic Industries Corporation (SABIC) published on the website of the Saudi Stock Exchange (Tadawul) on 15/01/1440H (corresponding to 25 September 2018G) relating to the latest developments on the issuance of international bonds by SABIC Capital II B.V. Sabic Start to Issuing Debt Instruments |
| Issuing type | The bonds will be Senior, U.S.$ denominated, Unsecured by assets |
| Issuing Amount | The issuance amount is subject to market conditions |
| Issuing Start Date | 2018-10-02 Corresponding to 1440-01-22 |
| Issuing End Date | 2018-10-03 Corresponding to 1440-01-23 |
| Target group of issuance | Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions) |
| Lead Manager | BNP Paribas, Citigroup Global Markets Limited, HSBC Bank plc, Mitsubishi UFG Securities EMEA plc and Standard Chartered Bank |
| Minimal Subscription | U.S $200,000 and integral multiples of U.S.$1,000 in excess thereof, subject to market conditions |
| Listing Price (Sukuk /Bonds) | .The price is subject to market conditions |
| Par Value | .The price is subject to market conditions |
| Return (Sukuk /Bonds) | .The price is subject to market conditions |
| Maturity (Sukuk /Bonds) | 5and 10 years, subject to market condition |
| Terms of Redemption | Redemption on maturity and early redemption following a change of control event |
| Additional Information | The Bonds will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933G, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin) Note that the Issuing End Date referred to above is the expected date of the end of the Offering, subject to market conditions |
Comments