PIF issues USD-denominated sukuk: Report

21/01/2026 Argaam
Logo of Public Investment Fund (PIF)

Logo of Public Investment Fund (PIF)

Saudi Arabia’s Public Investment Fund (PIF) issued a US dollar-denominated sukuk with a 10-year tenor, Reuters reported, citing a regulatory document it reviewed today.

 

According to the agency, the price guidance for the record sukuk issuance was set at 120 basis points over US Treasuries.

 

The sukuk issue was launched on Wednesday, with Citigroup, J.P. Morgan, and Standard Chartered acting as global coordinators.

 

The agency added that PIF received over $13.1 billion in demand for the sukuk.

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