Saudi PIF initiates sale of 7-year dollar sukuk: Reuters
- Date: 27-Feb-2024
- Source: Arab News
- Sector:Financial Markets
- Country:Saudi Arabia
Saudi PIF initiates sale of 7-year dollar sukuk: Reuters
RIYADH: Saudi Arabia’s Public Investment Fund has commenced the sale of US dollar-denominated sukuk with priority payment for a seven-year term, as reported by Reuters.
According to a banking document viewed by the agency, the initial indicative price for the bond sale has been set at a premium of around 115 basis points above US Treasury bonds.
The Kingdom’s sovereign wealth fund, managing assets exceeding $700 billion, has appointed Goldman Sachs, HSBC, and Standard Chartered to arrange meetings with potential investors. Saudi PIF initiates sale of 7-year dollar sukuk: Reuters