Saudi's Almarai delays debut dollar bond on Khashoggi fallout - sources | Reuters:
Saudi Arabian dairy company Almarai has postponed a sale of international Islamic bonds because it faced having to pay a higher interest rate after the murder of Saudi journalist Jamal Khashoggi, banking sources familiar with the matter said.
The Gulf’s biggest dairy company had hired banks to arrange the issue, but the deal, which would have marked Almarai’s debut in international debt markets, has been delayed to next year, the sources said.
Almarai did not respond to a request for comment.
No comments:
Post a Comment