Saudi Arabia’s PIF wealth fund hires banks for debut sukuk – document

Saudi Arabia’s PIF wealth fund hires banks for debut sukuk – document

Saudi Arabia's PIF wealth fund hires banks for debut sukuk - documentWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>ISLAMIC ECONOMY>Islamic Finance>Saudi Arabia's PIF wealt...PHOTOSaudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has hired banks to arrange its debut dual-tranche U.S. dollar-denominated sukuk, a document showed on Monday.The planned issuance will include 5-year and 10-year tranches under SUCI Second Investment Company’s trust certificate issuance programme, subject to market conditions, it said.Citi, HSBC, J.P. Morgan and Standard Chartered Bank have been mandated as joint global coordinators and joint active bookrunners to organise a series of fixed income investor calls commencing on October 16.(Reporting by Shamsuddin Mohd; editing by Jason Neely)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do