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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

HSBC Saudi lead-manages SBG sukuk issue

Posted on 19 July 2010

From Cpifinancial.net: The Saudi BinLadin Group (SBG) has issued an SAR 700 million ($187 million) Sukuk Al-Murabaha. The privately placed Sukuk was offered to Saudi sophisticated investors and issued through Saudi BinLadin Sukuk Co.
HSBC Saudi Arabia was the sole Lead Manager and Bookrunner for the transaction. SABB acted as the Security agent while SABB Securities was the Sukuk Holder’s Agent, Payments Administrator and Inter creditor Agent. The Sukuk was more than 2.5 times oversubscribed. It marked several ‘firsts’:………………………………………Full Article: Source

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