Saudi Electricity Company’s Islamic debt has returned 50 per cent more than global peers since its debut almost nine months ago, boosted by the scarcity of corporate-bond investments in the region’s biggest economy.
The state-controlled utility’s dollar-denominated 2022 notes have handed investors 10 per cent since their sale at the end of March, according to data compiled by Bloomberg. The Bank of America Merrill Lynch Global Utility Index returned 6.8 per cent over the same period……………………………………….Full Article: Source