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

Banque Saudi Fransi plans to issue 5-year sukuk

Posted on 15 May 2012

Banque Saudi Fransi (BSF) plans to issue a five-year benchmark-sized Islamic bond, or sukuk, arranging banks said. An issue would be the Saudi bank’s first sukuk under a recently-established $2 billion program.
Initial guidance for the sukuk was at 200 basis points over midswaps. Benchmark is usually understood to be at least $500 million………………………………………..Full Article: Source

 
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