Saudi Electricity, Oman Transmission line up as ACWA opens books
New deals from the Middle East are beginning to flow. Saudi Arabia's International Company for Water and Power Projects (ACWA Power) opened books on a conventional amortising note on Tuesday, as Saudi Electricity Co (Seco) and Oman Electricity Transmission line up sukuk trades.
ACWA was talking an amortising dollar bond with an average life of 13.6 years at 6.25% on Tuesday. Pricing is due on Wednesday.
ACWA had considered issuing an additional sukuk but investors said that its preference was for liquidity, which is why the issuer is focussing on
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