Saudi Electricity generates $12.5bn book for record sukuk

Saudi Riyadh px230 for GC
By Dan Alderson
03 Apr 2014

Saudi Electricity Co priced $2.5bn of dollar sukuk late on Tuesday — its biggest ever offering — inside initial guidance.

SEC sold $1.5bn of 10 year paper at a yield of 4% and $1bn of 30 year notes at 5.5% — surpassing the $1bn it sold in each tenor at this time last year. The deal drew a combined $12.5bn of orders for the two tranches.

Deutsche ...

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