Saudi Arabia starts marketing dual-tranche sukuk | Reuters:
"The Kingdom of Saudi Arabia has opened books on its debut US dollar sukuk, according to a lead. The sovereign is marketing a five-year tranche at 115bp area over mid-swaps. It also marketing a 10-year tranche at plus 155bp area. The deal is Wednesday's business. Citi, HSBC and JP Morgan are the global coordinators. They are joined as leads by BNP Paribas, Deutsche Bank and NCB Capital."
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