Mon, Dec 22, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Saudi Aviation Authority said to raise $4 bln from Sukuk sale

Posted on 17 January 2012

Saudi Arabia’s General Authority of Civil Aviation raised 15 billion riyals ($4 billion) from the sale of Islamic bonds, said a banker familiar with the transaction.
The 10-year notes will pay a profit rate of 2.5 percent, said the banker, who declined to be identified because the details are private. The authority plans to use funds from the sale to build a 27 billion-riyal ($7.2 billion) airport in Jeddah. HSBC Holdings Plc’s unit in Saudi Arabia managed the transaction………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
293031