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.
|
| Amount: | $1 billion
|
| Description: | Notes
|
| Maturity: | 2018
|
| Bookrunners: | Citigroup, HSBC Securities, Mizuho Securities, RBS Securities Inc.
|
| Coupon: | 2 5/8%
|
| Spread: | Treasuries plus 130 bps
|
| Trade date: | Sept. 26
|
| Rating: | Fitch: A+
|
| Distribution: | Regulation S
|
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