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Saudi Hollandi raises $193mln from sukuk sale

Posted on 29 December 2009

From Tradearabia.com: Saudi Hollandi Bank has raised SR725 million ($193.3 million) from the sale this month of its second sukuk, sources familiar with the deal said on Saturday.

Hollandi priced the issue at 190 basis points above the six-month interbank lending rate Saibor, sources at Saudi Hollandi Capital said. The six-month SAIBOR stood at 1.0475 per cent on Saturday……………………………………Full Article: Source

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