Riyadh city
Saudi Arabia raised $6 billion from the sale of dollar-denominated sukuk, Reuters reported, citing a document from a lead manager.
The sukuk was divided into two tranches of $3 billion each with six- and 10-year terms.
Saudi Arabia sold the six-year tranche at 80 basis points (bps) over US Treasuries (UST) and the 10-year notes at 100 bps over UST.
Reuters reported earlier that the Kingdom received requests worth $17 billion for dollar-denominated sukuk.
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