SEC breaks records, Russia sees $25bn book

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SEC breaks records, Russia sees $25bn book

March 28, 2012 12:00 AM

The sukuk market leapt into the spotlight this week after Saudi Electricity Co’s first international bond issue broke a heap of records on Tuesday. Investors piled into a $1.75bn sukuk that offered an exceptionally rare opportunity to buy debt that is a proxy for the Saudi sovereign. Meanwhile, in the Eurobond market, Russia was working its way through a $25bn order book ahead of pricing its three tranche RegS/144A benchmark on Wednesday afternoon.

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