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Saudi Arabia's SABIC picks banks for dollar bond – sources
Saudi Basic Industries Corp 2010.SE, the world’s fourth-biggest petrochemicals firm, has picked banks to arrange a U.S. dollar denominated bond issue, two sources said, as corporates and governments in the Gulf seek to raise cash amid a recession. SABIC has hired banks including Citi C.N, HSBC HSBA.L and BNP Paribas…
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