Saudi Arabia starts selling dual-tranche bonds, sukuk: report

09/11/2021 Argaam

The Kingdom of Saudi Arabia's flag

Saudi Arabia started selling US-denominated bonds and sukuk in two tranches, Reuters reported, citing the International Finance Review (IFR).

 

The planned debt sale includes 30-year conventional bonds, at around 3.6%, and 9.5-year sukuk, or Islamic bonds, at around 110 basis points over US Treasuries.

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