Saudi Aramco Total Refining and Petrochemical Co., or Satorp, has set initial price guidance for its planned Islamic bond, or sukuk, at 6 month Saudi interbank offered rate, or SAIBOR, plus 95-105 basis points, one of the lead managers of the offering said Monday.
The subscription period for the offering will last until October 1, Deutsche Securities Saudi Arabia said on its website. The total sukuk size could go up to 3.75 billion Saudi riyals ($1 billion)……………………………………….Full Article: Source