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Saudi Electric invites banks for potential dollar-bond

Posted on 15 February 2011

From Arabianbusiness.com: Saudi Electricity Co has invited banks for a potential bond mandate, after the company said last year it could tap international debt markets in 2011. In May, a senior executive said the company was considering its first international bond issue which would be an Islamic issue, or sukuk. The company has so far only issued domestic sukuk.
A request for proposals (RFP) has been sent to a limited number of local banks and international institutions with operations in Saudi Arabia, and replies are due by the end of February, IFR said……………………………………….Full Article: Source

 
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