Less than a minute 102 words 1 view
0
(0)
Saudi Arabia’s US$2.5-billion Islamic bond issued on Tuesday attracted orders worth more than US$13 billion in the first international debt issue since the attacks on vital Saudi oil facilities in the middle of September. On Tuesday, Saudi Arabia sold US$2.5 billion worth of Islamic bonds, or sukuk, returning to the bond market to take advantage of the low borrowing costs in hopes of replenishing its government coffers as persistently low oil prices depress revenues. The ten-year bond was priced at 127 basis points over the benchmark midswaps,…

Read more

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

By admin