14 Muharram 1446 - 20 July 2024
    
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Eye of Dubai
Business & Money | Tuesday 28 May, 2024 8:28 am |
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Saudi Arabia starts sale of 3-tranche sukuk: Report

Saudi Arabia started selling Shariah-compliant sukuks, divided into three tranches with tenors of three years, six years, and 10 years, Reuters reported citing IFR news service.

 

 

 

Initial guidance was placed around 85 basis points (bps) over US Treasuries (UST) for the three-year sukuk, 100 bps over UST for the six-year portion, and 110 bps for the 10-year tranche.

 

 

 

BNP Paribas, Citi and Goldman Sachs International have been appointed as global coordinators and joint bookrunners to manage the debt instruments sale.

 

 

 

Meanwhile, AlJazira Capital, HSBC Bank, JP Morgan and Standard Chartered were selected as the passive joint lead managers and bookrunners on the offering.

 

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