Saudi Aramco markets debut sukuk at 25 bps over SAIBOR
Saudi Aramco is reportedly marketing its SAR-denominated sukuk at 25 bps over the Saudi Arabian Interbank Offered Rate (SAIBOR), sources said on Wednesday. The Islamic bond, part of a SAR37.5bn (USD10bn) sukuk programme, has a seven-year maturity and is expected to be issued next Monday, according to the sources who added that the bond size could go as high as SAR6bn.
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