Riyadh – Mubasher: World’s fourth-biggest petrochemicals company, the Saudi Basic Industries Corporation (SABIC), has hired banks to arrange the sale of US dollar-denominated 10-year bonds and 30-year Formosa bonds, Reuters reported on Wednesday.

BNP Paribas, Citi, and HSBC were hired to arrange investor calls today, which will be followed by the issuance, subject to market conditions.

Mizuho Securities, MUFG, and SMBC Nikko are also working on the deal.