Saudi Arabia selling two-tranche dollar sukuk

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.

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