18.03.2013 - SEC picks banks for sukuk sale
Saudi Electricity Co. (SEC), the Gulf's largest utility, has picked two banks to arrange meetings with fixed income investors in Europe and the United States ahead of a possible debt issue, a statement from the lead managers said. State-owned SEC has chosen Deutsche Bank and HSBC Holdings to arrange the roadshows, which begin on March 19 in Los Angeles and conclude in London on March 25. A dollar-denominated bond issue may follow, subject to market conditions, the statement added...............................................Full Article: Source
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