28.03.2012 - Saudi Electric launches two-part $1.75 bln Islamic bond
Saudi Electricity Co launched a $1.75 billion two-part Islamic bond on Tuesday, with tighter pricing on both the five-and 10-year tranches, indicating strong demand for the first dollar-denominated issue from Saudi Arabia since 2010. The $500 million five-year portion was launched at a spread of 140 basis points (bps) over midswaps, from 160 bps over midswaps indicated earlier...............................................Full Article: Source
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