Saudi Arabia’s National Industrialisation Company (NIC-Tasnee) has agreed terms for the refinancing of about $1.6 billion of loans to its Cristal titanium dioxide unit in Yanbu, Bloomberg reported today. They include a maturity of three-five years and interest at 2.75…
Tag: HSBC
Saudi Arabia aims for autumn float for international bonds
Saudi Arabia is planning to invite bids for $10bn worth of international bonds after September, Bloomberg has reported. This will be Saudi Arabia’s first international bond issue. The borrowing will be the largest by a Middle East sovereign in the…
Oman to raise $3.4bn through PDO, considers bond
For full Middle East business coverage, see MEED The Omani government is seeking to raise a loan of about $3.4 billion via state-owned Petroleum Development Oman (PDO) and is considering selling international bonds, Bloomberg reported yesterday. The company, which is…
Saudi Aramco plans riyal sukuk programme
JPMorgan Chase & Company, HSBC Holdings and Riyad Bank are advising Saudi Aramco about setting up a riyal-denominated sukuk programme that could be launched later this, Bloomberg reported this morning. The world’s largest oil producing corporation, which is due to…