Saudi Arabia returns to debt markets to sell two-tranche dollar sukuk | Yousef Saba

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.