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Saudi in Sukuk talks

Posted on 14 December 2011

Saudi Arabia is in talks with banks about issuing a riyal-denominated Islamic bond, or sukuk as the kingdom abandons its aversion to sovereign-level debt to help build a local currency yield curve, sources said.
Discussions are ongoing between the Saudi Arabian Monetary Agency and local and international banks with operations in the kingdom, with an issue expected in the first quarter of next year. The sukuk will not be issued directly by the government, but will be marketed by a governmental agency or a state fund………………………………………..Full Article: Source

 
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