Saudi Electricity likely to issue USD-denominated sukuk program

30/03/2023 Argaam

Saudi Electricity inks SAR 10 bln worth local syndicated facility agreement

Saudi Electricity Co. headquarters

Saudi Electricity Co. (SEC) unveiled plans to establish a USD-denominated green and/or conventional sukuk program and to start convening meetings with fixed-income investors as of tomorrow, March 31.  

 

In a statement to Tadawul today, March 30, SEC indicated that these meetings will be followed by the planned USD-denominated sukuk issuance, subject to market conditions.  

 

The issue will be in the form of senior unsecured USD-denominated sukuk obligations, under the RegS system.  

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read