06.05.2010 - Saudi Electric cuts yield guidance on new sukuk
From Reuters: Price guidance for state-run Saudi Electricity Co's (SEC) five-year Islamic bond is at 95 basis points above the Saudi Interbank Offered Rates (Sibor), a lead manager said on Wednesday. This is below the 160 bps premium above Sibor at which the Gulf's largest power utility by market value priced its previous sukuk issue of 7 billion riyals ($1.9 billion) in 2009............................................Full Article: Source
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