The lender is planning to sell benchmark-sized dollar-denominated senior sukuk under its $4bln trust certificate issuance programme
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Riyadh-headquarted Banque Saudi Fransi has given initial price guidance of around 135 basis points over U.S. Treasuries for its 5-year sukuk issuance, a document from an arranging bank said on Thursday.
The lender is planning to sell benchmark-sized dollar-denominated senior sukuk under its $4 billion trust certificate issuance programme, the document, which was seen by Reuters, said.
(Reporting by Mohammad Edrees; Editing by Muralikumar Anantharaman)
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