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

Saudi firms may tap short-term sukuk

Posted on 20 July 2010

From Gulf-daily-news.com: The successful sale on Saturday of a nine-month corporate sukuk will encourage similar issues in Saudi Arabia where access to longer-term financing is tight, HSBC said yesterday.
HSBC’s Saudi affiliate advised and managed the 700 million riyal ($187m) sukuk by private construction company Saudi Binladin Group (SBG) - the kingdom’s first sukuk issue with a maturity of less than three years……………………………………….Full Article: Source

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