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Wednesday, 12 April 2017

Saudi Arabia's Debut Islamic Bond Sale Gets $17.5 Billion Orders - Bloomberg

Saudi Arabia's Debut Islamic Bond Sale Gets $17.5 Billion Orders - Bloomberg:

"Saudi Arabia’s debut dollar-denominated Islamic bond, which is due to price Wednesday, attracted more than $17.5 billion of investor orders as of Tuesday evening, people familiar with the matter said. The government plans to sell the five-year sukuk in the 115 basis points area over mid-swaps and a 10-year tranche at a spread of about 155 basis points, the people said, asking not to be identified because the information is private. Books for sale opened to investors on Tuesday."



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