Riyad Bank hires banks for dollar sukuk issue - Reuters:
Saudi Arabia’s Riyad Bank has hired international and regional banks to arrange the potential issuance of dollar-denominated sukuk, it said in a stock exchange filing on Tuesday.
The country’s fourth-largest bank has hired JPMorgan , Riyad Capital, Standard Chartered, First Abu Dhabi Bank and HSBC to lead the deal, the filing said.
The tier 2 sukuk sale would be the first debt issuance under the bank’s programme to issue primary and secondary bonds. The programme’s maximum value is $3 billion.
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