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

Qatar’s Ahli Bank Seeks Up To $500 Million Via Bonds

Qatar’s Ahli Bank is seeking to raise up to $500 million via an inssuance of five – year senior bonds, an investor presentation seen by Reuters showed on Monday. Barclays and QNB Capital are global coordinators for the issue, while JPMorgan Securities, Mizuho Securities and Standards Chartered will act as joint bookrunners alongside them, the … More Qatar’s Ahli Bank Seeks Up To $500 Million Via Bonds

Saudi Aramco Mandates Banks For Inaugural Dollar Sukuk

Saudi Aramco has hired a large group of banks to arrange its inaugural issaunce of U.S. dollar – denominated sukuk, a document showed on Monday, as it seeks cash to fulfill large commitments to its major shareholder, the Suadi government. The banks  will arrange fixed income investor cals starting on Monday, the document from one … More Saudi Aramco Mandates Banks For Inaugural Dollar Sukuk