(Bloomberg) -- Saudi Basic Industries Corp., the
world's biggest chemical maker by market value, agreed on a $9
billion borrowing plan with a group of four lenders to help fund
its acquisition of General Electric Co.'s plastics unit.
Citigroup Inc., HSBC Holdings Plc, ABN Amro Holding NV and
GE Capital will underwrite Saudi Basic's loans and bonds, Mutlaq
al-Morished, the Riyadh-based company's chief financial officer,
said in a phone interview today. JPMorgan Chase & Co. may also
join the group, he said.
Read more at Bloomberg Bonds News
world's biggest chemical maker by market value, agreed on a $9
billion borrowing plan with a group of four lenders to help fund
its acquisition of General Electric Co.'s plastics unit.
Citigroup Inc., HSBC Holdings Plc, ABN Amro Holding NV and
GE Capital will underwrite Saudi Basic's loans and bonds, Mutlaq
al-Morished, the Riyadh-based company's chief financial officer,
said in a phone interview today. JPMorgan Chase & Co. may also
join the group, he said.
Read more at Bloomberg Bonds News
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