SEC broadens sukuk’s scope with tightly priced 10 and 30 year
A milestone has been reached in the international sukuk market with the pricing of the first ever benchmark 30 year tranche - and at the tight end of guidance that had already been sharpened.
Saudi Electricity Co attracted a $13bn book for the $2bn dual tranche 10 year and 30 year sukuk it issued on Tuesday. The deal brings the total dollar issuance so far this year to $6.8bn, according to data from EuroWeeks Islamic Finance Information Service.
This is up from
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: firstname.lastname@example.org or find out more online here.