Saudi Arabia's SABIC hires banks for 10-year dollar, 30-year Formosa bonds -document

BNP Paribas, Citi and HSBC were hired to arrange investor calls

  
The headquarters of Saudi Basic Industries Corp (SABIC) is seen in Riyadh, Saudi Arabia April 19, 2016.

The headquarters of Saudi Basic Industries Corp (SABIC) is seen in Riyadh, Saudi Arabia April 19, 2016.

REUTERS/Faisal Al Nasser

DUBAI  - Saudi Basic Industries Corp, the world’s fourth-biggest petrochemicals firm, has hired banks to arrange the sale of U.S. dollar-denominated 10-year bonds and 30-year Formosa bonds, a document showed on Wednesday.

BNP Paribas, Citi and HSBC were hired to arrange investor calls on Wednesday, which will be followed by the issuance, subject to market conditions.

Mizuho Securities, MUFG and SMBC Nikko are also on the deal.

(Reporting by Yousef Saba; Editing by Tom Hogue) ((Yousef.Saba@thomsonreuters.com; +971562166204))

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