Google+ Followers

Monday, 10 April 2017

MIDEAST DEBT-Hefty demand to keep Saudi Arabia’s debut dollar sukuk pricing in check – investors | Reuters

MIDEAST DEBT-Hefty demand to keep Saudi Arabia’s debut dollar sukuk pricing in check – investors | Reuters:

"High demand for Saudi Arabia's international sukuk, set to be the largest ever dollar Islamic bond, will reduce the new issue premium to barely a few basis points over Saudi Arabia's existing conventional bonds, investors said. The dual-tranche sukuk, with maturities of five and 10 years, could total up to $10 billion, bankers previously said. A transaction of that scale could translate into a premium of 10 to 15 basis points over Saudi Arabia's existing five- and 10-year paper issued in October last year. But should the kingdom keep the issue size in check, the sukuk is likely to trade flat to Saudi's existing curve, investors said."



'via Blog this'