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Wednesday, 29 March 2017

Saudi Arabia considering changes to debut dollar sukuk structure –sources | Reuters

Saudi Arabia considering changes to debut dollar sukuk structure –sources | Reuters:

"Saudi Arabia is considering whether to change the structure of its planned U.S. dollar sukuk issue, which would be the kingdom's first international issue of Islamic bonds, banking sources told Reuters on Wednesday. Riyadh is expected to sell up to $10 billion of sukuk with an issue that could take place in the next few weeks, bankers say. It has been planning a hybrid structure for the sukuk. The structure would comprise a mudaraba agreement, a form of Islamic investment management partnership, plus a murabaha facility that would trade commodities with a special purpose vehicle."



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