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Banque Saudi Fransi prices $750 mln sukuk at par

Posted on 16 May 2012

Banque Saudi Fransi, the lender part-owned by Credit Agricole, priced a $750 million five-year Islamic bond on Tuesday at par amid strong investor demand for the issue.
Saudi Fransi, the kingdom’s fifth largest bank by market capitalisation, launched and priced the sukuk at a spread of 185 basis points over midswaps, arranging banks said, at the lower end of the range indicated earlier in the day. It attracted orders worth $4 billion………………………………………..Full Article: Source

 
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