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Saudi Electric to buy back 5 bln riyal sukuk

Posted on 18 June 2012

Saudi Electricity Co (SEC) said on Sunday it would buy back its 5 billion riyal ($1.3 billion) debut sukuk issued in 2007, in accordance with the terms of that issue.
The sukuk is due to expire in 2027 but under the terms, SEC must offer to repurchase it every five years, at a price which decreases over time………………………………………..Full Article: Source

 
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