DUBAI: Saudi Basic Industries Corp (SABIC), one of the world's largest petrochemical firms, has picked five banks to arrange a possible Euro-denominated bond issue, a document from lead managers said on Wednesday.
The bond, sold through its SABIC Capital subsidiary, could follow a series of investor meetings which will take place in London, Frankfurt, Amsterdam and Paris between November 8-12, the document said.
SABIC has chosen Credit Agricole, ING, JP Morgan Chase, Mitsubishi UFJ and Standard Chartered to arrange the roadshows. (Reuters)
