Saudi Arabia expected to announce dollar sukuk sale soon – sources | Reuters

Saudi Arabia expected to announce dollar sukuk sale soon – sources | Reuters:

Saudi Arabia is expected to announce soon a potential new U.S. dollar-denominated sukuk deal, sources familiar with the matter said.

The size of the planned sukuk, or Islamic bond, is to be determined and depends on market appetite, but it is unlikely to match Saudi Arabia’s previous jumbo debt transactions, said the sources.

Saudi Arabia, whose debt management office did not immediately respond to a request for comment on the transaction, has established itself as a top regional debt issuer over the past two years after its first move into the international markets in late 2016, when it sold $17.5 billion in conventional notes – the largest bond ever issued across emerging markets.