Saudi National Bank Gets $750 Million Via Debut ‘Sustainable’ Sukuk

Paris, France – Saudi National Bank, the kingdom’s largest lender that is 50.4% indirectly owned by the government, sold $750 million in debut ‘sustainable’ sukuk on Wednesday after demand topped $3.2 billion, a bank document showed.  The five- year Islamic bonds launched at 85 basis points (bps) over U.S. Treasuries (UST), tightened from initial price guidance … More Saudi National Bank Gets $750 Million Via Debut ‘Sustainable’ Sukuk