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New $750 mln Sukuk offered in Saudi Arabia and listed in London

Posted on 30 May 2012

Baker & McKenzie has advised Banque Saudi Fransi, Saudi Arabia’s fifth biggest bank by market capitalization, on its debut $750 million 2.947 per cent Trust Certificates due 2017 issued under its $2 billion Sukuk Programme. The Trust Certificates are to be listed on the London Stock Exchange.
The firm also advised the Bank on the establishment of its $2 billion Euro Medium Term Note Programme and debut $650 million issue under the Programme in 2010………………………………………..Full Article: Source

 
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