Saudi Electricity Co launched a $1.75 billion two-part Islamic bond on Tuesday, with tighter pricing on both the five-year and 10-year tranches, indicating strong demand.
The $500 million 5-year portion was launched at a spread of 140 basis points over midswaps, from 160 bps over midswaps indicated earlier in the day.
The $1.25 billion 10-year tranche launched at 195 bps over midswaps, tightening from the 210 bps range earlier.
Pricing is expected later on Tuesday.
No comments:
Post a Comment