05.04.2013 - Saudi Binladin Group prices $347mln Islamic bond
Pricing came at the tight end of initial price guidance of 170-190 bps, indicating that demand for the transaction was strong. Saudi Binladin Group, one of the largest construction firms in the kingdom, has priced a 1.3 billion riyal ($346.7 million) Islamic bond, two sources said on Wednesday. The deal is the latest in a string of local currency sukuks in the kingdom, highlighting the growing importance of debt capital markets as a funding stream for Saudi borrowers who have traditionally relied on bank finance...............................................Full Article: Source
Print