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Friday, 14 April 2017

Saudi's Bond Bling - Bloomberg Gadfly

Saudi's Bond Bling - Bloomberg Gadfly:

"Saudi Arabia's $9 billion sale of Islamic bonds will be a landmark in the market's transition from niche to mainstream.  For an idea of how these new bonds from the world's biggest oil producer could perform, look no further than the latest environmentally-friendly bonds.

Less than six months after raising a record $17.5 billion in the largest conventional bond sale by an emerging market country, Saudi Arabia received a warm reception for its first dollar-denominated sukuk this week. Investors ordered more than three times the amount of securities on sale, according to the Finance Ministry."



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