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Saudi Electric cuts yield guidance on new sukuk

Posted on 06 May 2010

From Reuters: Price guidance for state-run Saudi Electricity Co’s (SEC) five-year Islamic bond is at 95 basis points above the Saudi Interbank Offered Rates (Sibor), a lead manager said on Wednesday.
This is below the 160 bps premium above Sibor at which the Gulf’s largest power utility by market value priced its previous sukuk issue of 7 billion riyals ($1.9 billion) in 2009……………………………………..Full Article: Source

 
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