15.01.2013 - Saudi's Savola to price $400 mln debut sukuk
Saudi-based Savola Group is set to close a 1.5 billion riyals ($400 million) Islamic bond issue on Monday, two sources said, the company's debut sukuk and the first local currency debt offering in Saudi Arabia of 2013. The food conglomerate, which has the Middle East's biggest sugar refining business, is issuing a seven-year sukuk priced at 110 basis points over the Saudi interbank offered rate (Saibor), the sources said, speaking on condition of anonymity as the information isn't public yet...............................................Full Article: Source
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