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Wednesday, 12 April 2017

UPDATE 1-Saudi Arabia seen pushing for size with debut dollar sukuk - investors | Reuters

UPDATE 1-Saudi Arabia seen pushing for size with debut dollar sukuk - investors | Reuters:

"Order books for Saudi Arabia's debut international sukuk were in excess of $25 billion on Wednesday, lending support to expectations that the kingdom could push for a deal of at least $10 billion, fixed income investors said. Saudi Arabia is raising funds internationally to diversify its revenues and to plug a budget deficit caused by a slump in international oil prices. Its debut Islamic dollar bond, which is set to be the largest sukuk ever, would be Saudi's second record-breaking debt sale, after its first $17.5 billion conventional bond issued in October last year - the largest ever bond sold across emerging markets."



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