Tight pricing for BSF debut sukuk, size upped to $750m
Banque Saudi Fransi (BSF) issued its debut benchmark sukuk at the tight end of guidance on Tuesday at 185bp over mid-swaps, after increasing the size of the transaction from $500m to $750m. Despite aggressive pricing and a volatile global market backdrop, the deal met strong demand, with a book of over $4bn from some 160 orders.
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