Dow, Saudi Aramco JV Issues Bonds For $19B Chem Complex

Law360, New York (March 19, 2013, 4:05 PM EDT) -- A Dow Chemical Co. and Saudi Arabian Oil Co. joint venture has started issuing special bonds to help finance a $19.1 billion project that aims to build the world's largest complex of chemical-related facilities in Saudi Arabia, according to a Saturday announcement.

Sadara Chemical Co. snagged the approval of Saudi Arabia's Capital Market Authority to issue bond certificates, known as "sukuks," to finance the construction of the joint venture's project in the chemicals and plastic production compound known as Jubail Industrial City II, according to a...
To view the full article, register now.