Saudi Arabia returns to debt markets to sell two-tranche dollar sukuk | Yousef Saba
- Date: 15-May-2023
- Source: Arab Weekly
- Sector:Financial Services
- Country:Saudi Arabia
Saudi Arabia returns to debt markets to sell two-tranche dollar sukuk | Yousef Saba
DUBAI –
Saudi Arabia returned to the debt markets on Monday for the second time this year, offering dollar Islamic bonds with tenors of six and ten years, a bank document showed on Monday.
Initial guidance for the six-year sukuk was around 110 basis points (bps) over US Treasuries (UST) and around 135 bps over UST for the ten-year issue, the document on the sale showed.