11.04.2012 - HSBC closes $400mln Sukuk for Saudi unit
HSBC Saudi Arabia Limited has successfully closed the first private placement of SR1.5 billion ($400 million) sukuk (Islamic bond) issue for the Saudi British Bank (SABB). This is the first subordinated Tier II sukuk transaction which comes in line with the Basel III transitional arrangement requirements in the region...............................................Full Article: Source
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