中国石化新闻网讯 据油气新闻网站3月24日消息 路透社的一篇报道称，根据路透社看到的一份投资者说明，科威特Equate石化公司计划发行10年期和30年期美元计价债券和5年期伊斯兰债券，这将是一个多月来首次从海湾地区发行国际债券。
王磊 摘译自 油气新闻
Equate to issue first Gulf dollar bonds
Kuwait's Equate Petrochemical Co plans to issue 10- and 30-year US dollar-denominated bonds and five-year sukuk, according to an investors' note seen by Reuters, in what would be the first international debt issuance from the Gulf in more than a month, says a Reuters report.
The deal will be of benchmark size, which generally means at least $500 million per tranche.
Bond sales from the Gulf have faltered due to the coronavirus pandemic and a sharp fall in oil prices.
Some have been shelved, including sukuk, or Islamic bonds, planned by Dubai Islamic Bank
Equate hired Citi, JPMorgan, KFH Capital, MUFG and NBK Capital to lead the deal. First Abu Dhabi Bank, HSBC, Mizuho and SMBC Nikko are also on the deal.
The banks are arranging a series of calls with global investors that began on Monday, to be followed by the three-tranche transaction, subject to market conditions.
The pandemic is also complicating bond roadshows.
The yield on Equate Petrochemical 10-year dollar bonds due in 2026 had climbed to 4.6 per cent on Tuesday from 2.8 per cent on March 6, when talks between Opec and other oil producers over coordinated output cuts aimed at supporting crude prices collapsed.
The yield on its five-year dollar bonds due in 2022 jumped to 4.6 per cent from 2.4 per cent in the same period, Refinitiv data showed.
Equate Petrochemical is 85 per cent owned by the Dow Chemical Company and Petrochemical Industries Company, a subsidiary of government-owned Kuwait Petroleum Corporation.