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

Saudi Electricity bond gains rise 67 pct over Gulf Sukuk

Posted on 16 August 2012

Saudi Electricity Co. Sukuk returned 67 per cent more than Gulf Corporate Sukuk, thanks to demand outweighing supply in Saudi Arabia. As Sukuk is on course to surpass the records set in 2011, sales in Saudi Arabia have surged with Sukuk offerings jumping to about $8.3 billion – about 47 per cent of the GCC’s total issuance this year.
According to a report by the Saudi Gazette, the yield on Saudi Electricity’s notes dropped to a record 3.1 per cent on 7 August. The Kingdom’s largest power producer is rated the fourth-best investment grade at Standard & Poor’s………………………………………..Full Article: Source

 
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