null Saudi Arabia selling two-tranche dollar sukuk
Saudi Arabia selling two-tranche dollar sukuk
16 May 2023 | Tuesday Source: Khaleej Times
Saudi Arabia returned to the debt markets on Monday for the second time this year, offering dollar Islamic bonds with tenors of six and 10 years, a bank document showed on Monday.
Initial guidance for the six-year sukuk was around 110 basis points (bps) over U.S. Treasuries (UST) and around 135 bps over UST for the 10-year, the document on the sale showed.