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In a hotter debt market post-summer, Saudi Basic Industries Corp (SABIC) sold $500 million dollars worth of 10-year bonds and $500 million worth of 30-year Formosa bonds. This June, Aramco completed its $69.1 million dollar purchase of a 70% stake in SABIC. As long-term investments are more insulated to oil volatility, fund managers and bankers expect the regional debt supply to continue over the coming months.

SABIC issues two $500 million dollar bonds to purchase long-term debt

In a hotter debt market post-summer, Saudi Basic Industries Corp (SABIC) sold $500 million dollars worth of 10-year bonds and $500 million worth of 30-year Formosa bonds. This June, Aramco completed its $69.1 million dollar purchase of a 70% stake in SABIC. As long-term investments are more insulated to oil volatility, fund managers and bankers expect the regional debt supply to continue over the coming months.

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