Sat, Dec 5, 2020
A A A
Welcome bhaimia
RSS

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

Saudi Binladin plans sukuk sale

Posted on 22 March 2013

Saudi Binladin Group, one of the largest construction firms in the kingdom, is currently meeting fixed income investors as it plans to issue a new local currency Islamic bond, or sukuk, sources aware of the matter told Reuters.
Roadshows are due to take place this week and next, at which point the size and pricing of the deal would be determined, a banking source said, speaking on condition of anonymity as he was not authorised to speak to media. All-in pricing is likely to be around 2.5 percent, a second banking source said, giving a spread over the three-month Saudi interbank offered rate (Saibor) of around 150 basis points………………………………………..Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
December 2020
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031