Saudi Basic Industries Corp. — Capital/Financing Update 2018

Sep 25, 2018

Saudi Basic Industries Corporation (SABIC), announces SABIC Capital II B.V.’s intention to issue International Bonds

2010 · 25/09/2018 09:22:49 · Announcement #52149 · View on Saudi Exchange

Saudi Basic Industries Corporation (SABIC), announces SABIC Capital II B.V.’s intention to issue International Bonds

Element List	Explanation
Issuing type	The bonds will be Senior, U.S.$ denominated, Unsecured by assets
Board Resolution Date	2017-12-19 Corresponding to 1439-04-01
Issuing Amount	Amount is subject to market conditions
Purpose of Issuing	For the purpose of refinancing some of the outstanding financial obligations of SABIC and its subsidiaries
Approvals	Bonds issuance will be subject to the approval of the official authorities. In addition, it will be issued in accordance with the Rule 144A/Reg S offering requirements under the U.S. Securities Act of 1933, 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).
Additional Information	SABIC Capital II B.V. has mandated BNP Paribas and Citigroup Global Markets Limited as Global Coordinators alongside HSBC Bank plc, Mitsubishi UFG Securities EMEA plc and Standard Chartered Bank as Joint Lead Managers. The Global Coordinators and the Joint Lead Managers will organize a series of fixed income investor meetings in London, New York, Los Angeles and Boston commencing 25th September 2018.

It should also be noted that the offering of the bonds will be limited to qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and regulations of such jurisdictions.

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.