Monday 14 May 2012

UPDATE 1-Banque Saudi Fransi plans to issue 5-yr sukuk - Yahoo! News UK

Banque Saudi Fransi plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said on Monday, after the lender completed investor meetings last week.
An issue would be the Saudi bank's first sukuk under a recently-established $2 billion programme.
Initial guidance for the sukuk was at 200 basis points over midswaps. Benchmark is usually understood to be at least $500 million.

No comments:

Post a Comment