25.04.2012 - Saudi Electricity Company successfully closed $1.75 bln international Sukuk
Saudi Electricity Company, rated A1/AA-/AA- (all Stable) and the largest utility in the Middle East, has announced the successful closure of a $1.75 billion dual-tranche Sukuk issue, comprising $500 million with a five year maturity and $1.25 billion with a 10 year maturity. The transaction led by Deutsche Bank and HSBC is the inaugural international Sukuk issuance by SEC and the largest international debt capital markets issuance from Saudi Arabia...............................................Full Article: Source
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