Saudi Arabia sells 6, 10-year dollar sukuk: Report

15/05/2023 Argaam
The Kingdom of Saudi Arabia's flag

The Kingdom of Saudi Arabia's flag

Saudi Arabia tapped debt markets today, May 15, to sell a dual-tranche Islamic bonds with tenors of six and 10 years, Reuters reported.

 

Initial guidance for the six-year sukuk was set at around 110 basis points (bps) over US Treasuries (UST) and for the 10-year Islamic bonds at around 135 bps over UST.

 

Citi, JPMorgan and Standard Chartered are global coordinators.

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