18 Hrs
Source:
الاقتصادية
Saudi Arabia to issue 5- and 10-year sukuk
Saudi Arabia has highlighted its plans to issue internationally denominated dollar securities in two tranches, with maturities of 5 and 10 years, with the possibility of pricing the issuance later today. The indicative price for the 5-year tranche is estimated to be around 100 basis points above the yield of similar U.S. Treasury bonds, while the price for the 10-year tranche has been set at approximately 110 basis points over U.S. Treasury bonds. This move aims to enhance local funding and strengthen Saudi Arabia's position in the global securities market.
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