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Saudi Sipchem to recall #sukuk before maturity -bourse filing

Thu, 2016-05-12 15:34 — newsdesk

Saudi International Petrochemical Company (Sipchem) plans to recall a sukuk maturing on July 6 three weeks early. The firm will send a notice to sukuk holders informing them of its intentions and will use available cash to pay it off. It originally issued 1.8 billion riyals of sukuk in 2011. Sipchem also plans to issue a new sukuk and appointed Riyad Capital and NCB Capital as lead managers for the issue.

Source: 

http://af.reuters.com/article/commoditiesNews/idAFL5N1890ON