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Senaat ratchets in pricing on sukuk as deal size cut in half

General Holding Corporation (Senaat) — one of the United Arab Emirate’s largest industrial investment holding companies — printed a $300m seven year sukuk on Tuesday after releasing exceptionally wide guidance and slamming it tighter.

  • By Francesca Young
  • 27 Nov 2018

But far from the execution simply being an unusual and aggressive pricing strategy from lead managers, it became clear that a severe cutting of levels was needed as the issuer changed the size requirements for the note mid-way through pricing.

Abu Dhabi Islamic Bank, Citi, Dubai Islamic Bank, First ...

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