Saudi Basic Industries Corp. — Capital/Financing Update 2018

Oct 2, 2018

Saudi Basic Industries Corp. announces the start of issuing The bonds will be Senior, U.S.$ denominated, Unsecured by assets

2010 · 02/10/2018 08:00:09 · Announcement #52197 · View on Saudi Exchange

Saudi Basic Industries Corp. announces the start of issuing The bonds will be Senior, U.S.$ denominated, Unsecured by assets

Element List	Explanation
Introduction	Addendum to the announcement from Saudi Basic Industries Corporation (SABIC) published on the website of the Saudi Stock Exchange (Tadawul) on 15/01/1440H (corresponding to 25 September 2018G) relating to the latest developments on the issuance of international bonds by SABIC Capital II B.V. Sabic Start to Issuing Debt Instruments
Issuing type	The bonds will be Senior, U.S.$ denominated, Unsecured by assets
Issuing Amount	The issuance amount is subject to market conditions
Issuing Start Date	2018-10-02 Corresponding to 1440-01-22
Issuing End Date	2018-10-03 Corresponding to 1440-01-23
Target group of issuance	Institutional investors (qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions)
Lead Manager	BNP Paribas, Citigroup Global Markets Limited, HSBC Bank plc, Mitsubishi UFG Securities EMEA plc and Standard Chartered Bank
Minimal Subscription	U.S $200,000 and integral multiples of U.S.$1,000 in excess thereof, subject to market conditions
Listing Price (Sukuk /Bonds)	.The price is subject to market conditions
Par Value	.The price is subject to market conditions
Return (Sukuk /Bonds)	.The price is subject to market conditions
Maturity (Sukuk /Bonds)	5and 10 years, subject to market condition
Terms of Redemption	Redemption on maturity and early redemption following a change of control event
Additional Information	The Bonds will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933G, as amended. The stabilisation rules of the Financial Conduct Authority (FCA) and the International Capital Market Association (ICMA) will also apply to the issuance. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin)

Note that the Issuing End Date referred to above is the expected date of the end of the Offering, subject to market conditions

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.