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.
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