SearchDEBT, BONDS & MATURITIES
Financing strategy
Our financing policy aims at ensuring sufficient liquidity levels at all times for SABIC while optimizing the returns to our shareholders. We use leverage prudently to fund our global growth ambitions. Our strong credit profile and standalone corporate credit ratings (A+/ stable) reflects the strength of our financing strategy and its execution.
We evaluate the most optimum capital and financing structure to support our strategic plans and growth ambition.
DEBT (SR thousands)
| 2023 | 2022 | |
|---|---|---|
| Current | ||
| Short-term borrowings | 2,414,233 | 915,839 |
| Current portion of long-term debt | 2,234,865 | 2,232,661 |
| Bonds | 66,669 | 3,747,192 |
| Lease liabilities | 903,362 | 904,614 |
| Non-Current | ||
| Long-term debt | 15,796,479 | 14,092,172 |
| Bonds | 7,458,700 | 7,451,384 |
| Lease liabilities | 4,622,459 | 5,469,463 |
| Total debt | 33,496,767 | 34,813,325 |
Issuances in Capital Markets
| Debt type | 4.5% Bond | 2.15% Bond | 3% Bond |
|---|---|---|---|
| Issuer | SABIC Capital II BV | SABIC Capital I BV | SABIC Capital I BV |
| Format | 144A/RegS Senior Unsecured | RegS Senior Unsecured | RegS Senior Unsecured |
| Volume | $ 1 bln | $ 500 mln | $ 500 mln |
| Term | 2018/2028 | 2020/2030 | 2020/2050 |
| Listing | Ireland | Ireland | Ireland |
| ISIN Code | XS1890684761 | XS2228112954 | XS2228113762 |
| Documentation | See “2020 Bond Issuance Statement” below | See “2020 Bond Issuance Statement” below |
2020 Bond Issuance Statement
Electronic versions of the materials you are seeking to access are being made available on this website by Saudi Basic Industries Corporation in good faith and are for information purposes only.
These materials are not directed at or accessible by persons in the United States, or persons resident or located in Australia, Canada, Japan or any other jurisdiction where the extension of availability of the materials to which you are seeking access would breach any applicable law or regulation.
The materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or in any jurisdiction in which such offers or sales are unlawful (the "Excluded Jurisdictions"). Any securities issued in connection with an offering have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or under any applicable securities laws of any state, province, territory, county or jurisdiction of the United States. Accordingly, unless an exemption under relevant securities laws is applicable, any such securities may not be offered, sold, resold, taken up, exercised, renounced, transferred, delivered or distributed, directly or indirectly, in or into the United States or any other jurisdiction if to do so would constitute a violation of the relevant laws of, or require registration of such securities in, the relevant jurisdiction.
There will be no offer of securities in the United States
The materials are only addressed to and directed at persons in member states of the European Economic Area and the United Kingdom who are "qualified investors" within the meaning of Regulation (EU) 2017/1129 ("Qualified Investors"). In addition, in the United Kingdom, the materials are being distributed only to, and is directed only at, Qualified Investors who are: (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); (ii) persons falling within any of the categories of persons described in Article 49 of the Order; and (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Any investment or investment activity to which the materials relate is available only to relevant persons in the United Kingdom and Qualified Investors in any member state of the European Economic Area other than the United Kingdom, and will only be engaged with such persons.
If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage. These materials must not be, released or otherwise forwarded, distributed or sent in or into the United States or any jurisdiction in which such offers or sales are unlawful. Persons receiving such documents (including custodians, nominees and trustees) must not distribute or send them in, into or from the United States or any jurisdiction in which such offers or sales are unlawful.
By clicking this link to see the documents, I agree that I warrant that I am not located in the United States or any other jurisdiction where accessing these materials is unlawful, and I agree that I will not transmit or otherwise send any materials contained in this website to any person in the United States or any other territory where to do so would breach applicable local law or regulation.
In addition, I have read and understood the disclaimer set out above. I understand that it may affect my rights and I agree to be bound by its terms. I confirm that I am permitted to proceed to electronic versions of the materials.