24.05.2012 - Tasnee prices $533mln debut sukuk
Saudi Arabia's National Industrialization Co (Tasnee) has priced a 2 billion riyals ($533.3 million) Islamic bond, or sukuk, the first time the petrochemicals firm has tapped the bond markets. The privately-placed, seven-year transaction was issued at par and carried a profit rate of 105 basis points over the six-month Saudi Interbank Offered Rate, a document from HSBC's Saudi Arabian unit, which arranged the deal, said...............................................Full Article: Source
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