Saudi Electricity Company, rated A1/AA-/AA- (all Stable) and the largest utility in the Middle East, has announced the successful closure of a $1.75 billion dual-tranche Sukuk issue, comprising $500 million with a five year maturity and $1.25 billion with a 10 year maturity.
The transaction led by Deutsche Bank and HSBC is the inaugural international Sukuk issuance by SEC and the largest international debt capital markets issuance from Saudi Arabia………………………………………..Full Article: Source