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Saudi Electric raises $1.9bln in Islamic bond

Posted on 12 May 2010

From Tradearabia.com: State-controlled power utility Saudi Electricity Co has raised 7 billion riyals ($1.87 billion) from a seven-year Islamic bond at 95 basis points above Saudi Interbank Offered Rate (Sibor), sources said.
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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