09.03.2009 - SHB wins ‘Equity Deal of the Year’ award
From Saudigazette.com.sa: Saudi Hollandi Bank were honoured by Islamic Finance News at an awards ceremony in Dubai Saturday night, winning the “Equity Deal of the Year” award for their recent SR775 million Sukuk deal. This was the first Tier II capital issuance in the Islamic space in the Middle East, said a press release. The issue is Mudarabah-based, and generates an expected yield for the investors of SIBOR plus 200 basis points with a step-up in the yield after five years..... Full Article: Source