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

Saudi Electric raises $1.9 bln in 7-yr Islamic bond

Posted on 11 May 2010

From Lse.co.uk: State-controlled power utility Saudi Electricity Co has raised 7 billion riyals ($1.87 billion) from a 7-year Islamic bond at 95 basis points above Saudi Interbank Offered Rate (Sibor), sources familiar with the matter said on Monday.
The sources, who asked not to be identified, said the bond would start trading on the Saudi bond market before May 24. ………………………………………Full Article: Source

 
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