2007-08-15 - AME Info | Saudi Arabia | Latest News - Saudi Basic Industries Corp. (SABIC) announced it plans to cut a bond sale by almost half to $1.5bn on concern that global credit fears have hurt investor's appetite, according to two of the arranging banks, cited by Arab News. The world's largest chemical company by market value, had planned to sell about $2.7bn bonds to help finance its purchase of the plastics unit of GE.  

View full article...