Saudi PIF initiates sale of 7-year dollar sukuk: Reuters 

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