Saudi Electricity Company (SEC) launched a $1.75 billion two-part Islamic bond, with tighter pricing on the five-and 10-year tranches, indicating strong demand for the first dollar-denominated issue from Saudi Arabia since 2010.
The $500 million five-year portion was launched at a spread of 140 basis points (bps) over midswaps, from 160 bps over midswaps indicated earlier………………………………………..Full Article: Source