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."
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